DNB Markets upgraded shares of Ensco (NYSE:ESV) from a sell rating to a hold rating in a report released on Tuesday morning, The Fly reports.
Other research analysts also recently issued research reports about the stock. Barclays increased their price target on shares of Ensco from $4.00 to $5.00 and gave the company an underweight rating in a report on Thursday, August 9th. Piper Jaffray Companies reaffirmed a hold rating and issued a $9.00 price target on shares of Ensco in a report on Tuesday, October 9th. Susquehanna Bancshares set a $8.00 price target on shares of Ensco and gave the company a hold rating in a report on Friday, July 27th. ValuEngine downgraded shares of Ensco from a buy rating to a hold rating in a report on Wednesday, July 25th. Finally, Societe Generale raised shares of Ensco from a hold rating to a buy rating in a report on Friday, October 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ensco has a consensus rating of Hold and a consensus target price of $8.65.
Shares of NYSE:ESV traded up $0.36 during trading on Tuesday, reaching $7.33. The company’s stock had a trading volume of 6,729,211 shares, compared to its average volume of 12,551,155. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.59. Ensco has a 12 month low of $4.10 and a 12 month high of $9.51. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -14.10 and a beta of 1.86.
A number of institutional investors have recently bought and sold shares of ESV. Vanguard Capital Wealth Advisors purchased a new stake in Ensco in the 2nd quarter worth about $111,000. Deprince Race & Zollo Inc. purchased a new stake in Ensco in the 3rd quarter worth about $127,000. Essex Investment Management Co. LLC purchased a new stake in Ensco in the 3rd quarter worth about $129,000. Clear Harbor Asset Management LLC purchased a new stake in Ensco in the 2nd quarter worth about $131,000. Finally, Murphy Capital Management Inc. purchased a new stake in Ensco in the 2nd quarter worth about $155,000. 98.02% of the stock is currently owned by institutional investors.
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.
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