Zephrin Group Upgrades ENSCO PLC to Buy

Brokerage firm Zephrin Group Upgrades its rating on ENSCO PLC(NYSE:ESV). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Zephrin Group was issued on Sep 19, 2016.

In a different note, On Sep 21, 2016, Goldman Sachs said it Upgrades its rating on ENSCO PLC. The shares have been rated ‘Buy’ by the firm. Scotia Howard Weil said it Initiates Coverage on ENSCO PLC, according to a research note issued on Sep 14, 2016. The shares have been rated ‘Outperform’ by the firm. On Aug 25, 2016, Citigroup said it Maintains its rating on ENSCO PLC. In the research note, the firm Lowers the price-target to $11.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 19, 2016, DNB Markets said it Downgrades its rating on ENSCO PLC. The shares have been rated ‘Sell’ by the firm. On Jul 14, 2016, Seaport Global said it Downgrades its rating on ENSCO PLC. The shares have been rated ‘Sell’ by the firm. On Jun 28, 2016, Susquehanna said it Upgrades its rating on ENSCO PLC. The shares have been rated ‘Neutral’ by the firm.

ENSCO PLC (ESV) made into the market gainers list on Thursdays trading session with the shares advancing 5.36% or 0.38 points. Due to strong positive momentum, the stock ended at $7.47, which is also near the day’s high of $7.58. The stock began the session at $7.3 and the volume stood at 1,30,18,403 shares. The 52-week high of the shares is $18.93 and the 52 week low is $6.495. The company has a current market capitalization of $2,251 M and it has 30,13,37,500 shares in outstanding.

ENSCO PLC(ESV) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $909.60M. Analysts had an estimated revenue of $745.56M. Earnings per share were $1.94. Analysts had estimated an EPS of $0.53.

Several Insider Transactions has been reported to the SEC. On Dec 28, 2015, Robert W Iii Edwards (Vice President – Finance) sold 1,500 shares at $16.22 per share price.Also, 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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