Ensco (NYSE:ESV) has been assigned a $8.00 price target by investment analysts at Credit Suisse Group in a note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the offshore drilling services provider’s stock. Credit Suisse Group’s price objective points to a potential upside of 63.60% from the stock’s previous close.
ESV has been the subject of a number of other research reports. Zacks Investment Research lowered Ensco from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. Piper Jaffray Companies lowered Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 price target for the company. in a research report on Thursday, January 11th. Susquehanna Bancshares set a $7.00 price objective on Ensco and gave the company a “hold” rating in a report on Friday, January 12th. ValuEngine upgraded Ensco from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Jefferies Group set a $6.00 price objective on Ensco and gave the company a “hold” rating in a report on Thursday, January 4th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.52.
Ensco (NYSE:ESV) opened at $4.89 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.04 and a current ratio of 5.04. Ensco has a 12-month low of $4.10 and a 12-month high of $10.30. The stock has a market capitalization of $2,954.74, a price-to-earnings ratio of -6.04 and a beta of 1.74.
Several institutional investors have recently made changes to their positions in ESV. Private Advisor Group LLC acquired a new stake in shares of Ensco during the third quarter worth $100,000. Bedel Financial Consulting Inc. acquired a new stake in shares of Ensco during the fourth quarter worth $100,000. ARGA Investment Management LP acquired a new stake in shares of Ensco during the fourth quarter worth $113,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Ensco during the second quarter worth $116,000. Finally, Harvest Management LLC acquired a new stake in shares of Ensco during the third quarter worth $119,000. 70.86% of the stock is currently owned by institutional investors.
Ensco Company Profile
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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