ENSCO plc (ESV) Receives Price Target

ENSCO plc (ESV) : Currently there are 12 street experts covering ENSCO plc (ESV) stock. The most bullish and bearish price target for the stock is $12 and $8 respectively for the short term. The average price target of all the analysts comes to $9.08. The estimated standard deviation from the target is $1.22.

ENSCO plc (ESV) : The consensus on ENSCO plc (ESV) based on 17 analyst recommendation on the company stock is 3.47, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on ENSCO plc (ESV).


Also, Brokerage firm Citigroup maintains its rating on ENSCO plc (NYSE:ESV). As per the latest information, the brokerage house lowers the price target to $9 per share from a prior target of $11. The shares have been rated Neutral. The rating by the firm was issued on August 25, 2016.

ENSCO plc (NYSE:ESV): The stock opened at $7.49 on Thursday but the bulls could not build on the opening and the stock topped out at $7.51 for the day. The stock traded down to $7.16 during the day, due to lack of any buying support eventually closed down at $7.38 with a loss of -2.77% for the day. The stock had closed at $7.59 on the previous day. The total traded volume was 9,472,008 shares.

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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