Ensco (ESV) Given a $6.00 Price Target at Susquehanna Bancshares

Ensco (NYSE:ESV) received a $6.00 price target from investment analysts at Susquehanna Bancshares in a note issued to investors on Friday. The firm currently has a “hold” rating on the offshore drilling services provider’s stock. Susquehanna Bancshares’ price target indicates a potential upside of 11.52% from the company’s current price.

A number of other brokerages have also commented on ESV. Credit Suisse Group upgraded Ensco from a “neutral” rating to a “buy” rating in a research report on Friday. Citigroup lowered Ensco from a “buy” rating to a “neutral” rating in a research report on Monday, March 19th. Cowen set a $5.00 target price on Ensco and gave the company a “hold” rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded Ensco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 14th. Finally, Wells Fargo dropped their target price on Ensco from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 28th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.61.

Shares of ESV traded up $0.15 during mid-day trading on Friday, hitting $5.38. 9,965,142 shares of the company traded hands, compared to its average volume of 13,232,121. Ensco has a 1-year low of $4.10 and a 1-year high of $8.75. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.54. The company has a market cap of $2,271.61, a P/E ratio of -10.38 and a beta of 1.82.



Ensco (NYSE:ESV) last posted its quarterly earnings data on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.03. Ensco had a negative net margin of 16.48% and a negative return on equity of 1.86%. The firm had revenue of $454.00 million for the quarter, compared to the consensus estimate of $453.21 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. research analysts anticipate that Ensco will post -0.98 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ESV. Private Advisor Group LLC purchased a new stake in Ensco in the 3rd quarter worth approximately $100,000. Bedel Financial Consulting Inc. purchased a new stake in Ensco in the 4th quarter worth approximately $100,000. ARGA Investment Management LP purchased a new position in shares of Ensco during the 4th quarter valued at approximately $113,000. Investors Research Corp purchased a new position in shares of Ensco during the 4th quarter valued at approximately $128,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Ensco during the 4th quarter valued at approximately $136,000. Institutional investors and hedge funds own 92.16% of the company’s stock.

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Ensco Company Profile

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.

Analyst Recommendations for Ensco (NYSE:ESV)

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