ENSCO plc (ESV): Price Target and June Short Interest Disclosure

ENSCO plc (ESV) stock is expected to deviate a maximum of $2.1 from the average target price of $9.42 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $15 and the most muted being $7.

ENSCO plc (ESV) reported a drop of 6.3% or 1,376,692 shares in its short interest. The short figure came in at 6.8% of the total floats. The average daily volume of 8,869,303 shares suggests that the days to cover 20,376,739 short positions, as on June 30,2016, will be 2. On June 15,2016, the short interest was 21,753,431 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Susquehanna, upgrades their rating on the shares of ENSCO plc (NYSE:ESV). Susquehanna has a Neutral rating on the shares. Previously, the analysts had a Negative rating on the shares. The rating by the firm was issued on June 28, 2016.


ENSCO plc (NYSE:ESV): stock turned positive on Thursday. Though the stock opened at $10.42, the bulls momentum made the stock top out at $10.68 level for the day. The stock recorded a low of $10.285 and closed the trading day at $10.43, in the green by 0.97%. The total traded volume for the day was 5,803,100. The stock had closed at $10.33 in the previous days trading.

Ensco plc (Ensco) is a global offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company operates in three segments: Floaters, which includes its drill ships and semisubmersible rigs; Jackups and Other, which consists of management services on rigs owned by third-parties. Its Floaters and Jackups segments provide contract drilling. It owns and operates an offshore drilling rig fleet of around 70 rigs, including seven rigs under construction, with drilling operations in markets around the globe. Its rig fleet includes around 10 drill ships, 13 semisubmersible rigs, five moored semisubmersible rigs and 42 jackup rigs. Of its 70 rigs, around 17 are located in North and South America, 17 are located in the Middle East and Africa, 17 are located in the Asia Pacific rim (including five rigs under construction), 15 are located in Europe and the Mediterranean and fits are located in Brazil.

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