ENSCO plc (ESV) : 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on ENSCO plc (ESV). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 17 Wall Street Analysts endorse the stock as a Hold with a rating of 3.47.
ENSCO plc (ESV) : 12 investment research analysts covering ENSCO plc (ESV) have an average price target of $9.13 for the near short term. The highest target price given by the Brokerage Firm to the stock is $12 and the lowest target is $7 for the short term. Analysts expect the variance to be within $1.25 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, DNB Markets, downgrades their rating on the shares of ENSCO plc (NYSE:ESV). DNB Markets has a Sell rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 19, 2016.
ENSCO plc (NYSE:ESV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.25 and $8.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.55, notching a gain of 3.26% for the day. The total traded volume was 8,980,288 . The stock had closed at $8.28 on the previous day.
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.