Short Term Price Target on ENSCO plc (ESV)

ENSCO plc (NYSE:ESV) : 12 investment research analysts covering ENSCO plc (NYSE:ESV) have an average price target of $9.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $7 for the short term. Analysts expect the variance to be within $2.06 of the average price.

Ensco plc has dropped 9.93% in the last five trading days, however, the shares have posted positive gains of 0.73% in the last 4 weeks. Ensco plc is up 0.73% in the last 3-month period. Year-to-Date the stock performance stands at -36.78%.

ENSCO plc (NYSE:ESV) : 17 analysts are covering ENSCO plc (NYSE:ESV) and their average rating on the stock is 3.41, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 3 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

ENSCO plc (NYSE:ESV): The stock opened at $9.84 on Thursday but the bulls could not build on the opening and the stock topped out at $9.89 for the day. The stock traded down to $9.32 during the day, due to lack of any buying support eventually closed down at $9.71 with a loss of -2.12% for the day. The stock had closed at $9.92 on the previous day. The total traded volume was 12,436,108 shares.

In an insider trading activity,The officer (Vice President – Finance) of Ensco Plc, Edwards Robert W Iii sold 1,500 shares at $16.22 on December 23, 2015. The Insider selling transaction had a total value worth of $24,330. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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