ENSCO plc (ESV) : Analyst Rating Update

ENSCO plc (ESV) : 17 analysts are covering ENSCO plc (ESV) and their average rating on the stock is 3.41, 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, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 3 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

ENSCO plc (ESV) : 12 investment research analysts covering ENSCO plc (ESV) have an average price target of $9.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $7 for the short term. Analysts expect the variance to be within $2.06 of the average price.

ENSCO plc (NYSE:ESV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.66 and $9.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.88. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.86, notching a gain of 0.51% for the day. The total traded volume was 8,346,529 . The stock had closed at $9.81 on the previous day.

Also, In a research note released to the investors, Susquehanna upgrades its rating on ENSCO plc (NYSE:ESV).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Negative by the brokerage firm. The rating by the firm was issued on June 28, 2016. The company shares have dropped -52.56% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $25.71 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $10.13 and the 200 Day Moving Average price is recorded at $10.59.

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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