SeaDrill Price Target Boosted

SeaDrill Limited

the provider of offshore drilling services, reported a first-quarter profit of 65 cents a share, beating the consensus estimate of 64 cents a share and raised its dividend 5 cents to 60 cents, giving the stock a yield of almost 11%, according to Pritchard Capital Partners. Pritchard Capital boosted its price target on SeaDrill to $24 from $20 on the company's positive comments about the premium jackup market.