ENSCO PLC (ESV) is Upgraded by Goldman to Buy

ENSCO PLC (ESV) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Sep 21, 2016.

Many Wall Street Analysts have commented on ENSCO PLC. ENSCO PLC was Resumed by Scotia Howard Weil to “Sector Outperform” on Sep 14, 2016. Shares were Downgraded by Seaport Global Securities on Jul 14, 2016 to ” Sell” and Lowered the Price Target to $ 8 from a previous price target of $9 .ENSCO PLC was Upgraded by Susquehanna to ” Neutral” on Jun 28, 2016.

On the company’s financial health, ENSCO PLC reported $2.04 EPS for the quarter, beating the analyst consensus estimate by $ 1.53 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.51. The company had revenue of $910.00 million for the quarter, compared to analysts expectations of $742.50 million. The company’s revenue was down -14.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.11 EPS.

ENSCO PLC closed down -0.1 points or -1.48% at $6.64 with 78,99,992 shares getting traded on Tuesday. Post opening the session at $6.74, the shares hit an intraday low of $6.495 and an intraday high of $6.815 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Dec 28, 2015, Robert W Iii Edwards (Vice President – Finance) sold 1,500 shares at $16.22 per share price. According to the SEC, on Nov 4, 2015, James W Iii Swent (Executive Vice President & CFO) sold 59,189 shares at $17.81 per share price. On Jun 1, 2015, John Stokes Knowlton (Sr. Vice President – Technical) purchased 41 shares at $49.26 per share price, according to the Form-4 filing with the securities and exchange commission.

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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