Brokerage Firm Rating on ENSCO plc (ESV)

ENSCO plc (ESV) has an average broker rating of 3.47, which is interpreted as a Hold, as rated by 17 equity analysts. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 2 considers that the stock is a Sell.

ENSCO plc (ESV) : The consensus price target for ENSCO plc (ESV) is $9.21 for the short term with a standard deviation of $1.12. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $12, however, the pessimist price target for the company is $8.


Company shares have received an average consensus rating of Hold for the current week ENSCO plc (NYSE:ESV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.49 and $8.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.76, notching a gain of 3.67% for the day. The total traded volume was 6,503,028 . The stock had closed at $8.45 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Edwards Robert W Iii, officer (Vice President – Finance) of Ensco Plc, had unloaded 1,500 shares at an average price of $16.22 in a transaction dated on December 23, 2015. The total value of the transaction was worth $24,330.

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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