ENSCO plc (ESV) Receives ‘Analyst’ Rating

ENSCO plc (ESV) : 16 analysts are covering ENSCO plc (ESV) and their average rating on the stock is 3.5, 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, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 11 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

ENSCO plc (ESV) : 12 Wall Street analysts covering ENSCO plc (ESV) believe that the average level the stock could reach for the short term is $8.96. The maximum price target given is $12 and the minimum target for short term is around $8, hence the standard deviation is calculated at $1.3.


Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of ENSCO plc (NYSE:ESV). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $9 per share from a prior target of $11. The rating by the firm was issued on August 25, 2016.

ENSCO plc (NYSE:ESV): After opening at $6.92, the stock dipped to an intraday low of $6.76 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.155 and the buying power remained strong till the end. The stock closed at $6.99 for the day, a gain of 1.45% for the day session. The total traded volume was 8,653,006. The stocks close on the previous trading day was $6.89.

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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