Ensco (ESV) Given a $7.00 Price Target by Susquehanna Bancshares Analysts

Susquehanna Bancshares set a $7.00 price objective on Ensco (NYSE:ESV) in a research note published on Friday morning. The firm currently has a hold rating on the offshore drilling services provider’s stock.

Several other equities analysts have also commented on the company. Cowen set a $6.00 target price on Ensco and gave the company a hold rating in a report on Thursday, January 11th. Piper Jaffray Companies lowered Ensco from an overweight rating to a neutral rating and set a $6.00 target price on the stock. in a report on Thursday, January 11th. Zacks Investment Research lowered Ensco from a hold rating to a sell rating in a report on Monday, January 8th. Jefferies Group set a $6.00 target price on Ensco and gave the company a hold rating in a report on Thursday, January 4th. Finally, ValuEngine raised Ensco from a sell rating to a hold rating in a report on Friday, December 1st. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $7.91.

Shares of Ensco (NYSE:ESV) traded down $0.18 during midday trading on Friday, hitting $7.25. The stock had a trading volume of 5,736,943 shares, compared to its average volume of 15,174,322. The firm has a market capitalization of $3,140.00, a PE ratio of -31.50 and a beta of 1.82. 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 twelve month low of $4.10 and a twelve month high of $12.03.

Ensco (NYSE:ESV) last posted its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.11. The firm had revenue of $460.00 million for the quarter, compared to analyst estimates of $457.79 million. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. Ensco’s revenue for the quarter was down 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share. sell-side analysts expect that Ensco will post -0.51 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Van Den Berg Management I Inc. grew its holdings in shares of Ensco by 52.5% during the third quarter. Van Den Berg Management I Inc. now owns 2,522,746 shares of the offshore drilling services provider’s stock worth $15,061,000 after purchasing an additional 868,550 shares during the last quarter. BlueMountain Capital Management LLC grew its holdings in shares of Ensco by 66.4% during the second quarter. BlueMountain Capital Management LLC now owns 799,721 shares of the offshore drilling services provider’s stock worth $4,127,000 after purchasing an additional 319,031 shares during the last quarter. Majedie Asset Management Ltd grew its holdings in shares of Ensco by 204.0% during the third quarter. Majedie Asset Management Ltd now owns 6,382,433 shares of the offshore drilling services provider’s stock worth $38,103,000 after purchasing an additional 4,282,658 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Ensco by 22.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,069,292 shares of the offshore drilling services provider’s stock worth $12,354,000 after purchasing an additional 376,450 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Ensco by 7.7% during the third quarter. New York State Common Retirement Fund now owns 1,413,100 shares of the offshore drilling services provider’s stock worth $8,436,000 after purchasing an additional 101,200 shares during the last quarter. 76.80% of the stock is currently owned by institutional investors.

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About Ensco

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.

Analyst Recommendations for Ensco (NYSE:ESV)

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