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).
ENSCO plc (ESV) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $12 and the lowest price target forecast is $8. The average forecast of all the analysts is $9.08 and the expected standard deviation is $1.22.
Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on ENSCO plc (NYSE:ESV). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup lowers the price target from $11 per share to $9 per share. The rating by the firm was issued on August 25, 2016.
ENSCO plc (NYSE:ESV): stock was range-bound between the intraday low of $7.195 and the intraday high of $7.57 after having opened at $7.52 on Wednesdays session. The stock finally closed in the red at $7.52, a loss of -2.00%. The stock remained in the red for the whole trading day. The total traded volume was 8,727,610 shares. The stock failed to cross $7.57 in Wednesdays trading. The stocks closing price on Thursday was $7.49.
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.