Guggenheim Increases Ensco Plc Price Target to $64.00 (ESV)
Equities researchers at Guggenheim lifted their price target on shares of Ensco Plc (NYSE:ESV) from $60.00 to $64.00 in a research report issued on Monday. The firm currently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 16.19% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Ensco Plc in a research note on Thursday. They now have a $40.00 price target on the stock, down previously from $42.00. Separately, analysts at TheStreet upgraded shares of Ensco Plc from a “hold” rating to a “buy” rating in a research note on Monday, May 26th. Finally, analysts at Jefferies Group downgraded shares of Ensco Plc from a “buy” rating to a “hold” rating in a research note on Monday, May 19th. They now have a $56.00 price target on the stock, down previously from $58.00. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $57.00.
Shares of Ensco Plc (NYSE:ESV) traded up 1.10% on Monday, hitting $55.6856. The stock had a trading volume of 1,534,193 shares. Ensco Plc has a 1-year low of $47.85 and a 1-year high of $62.25. The stock has a 50-day moving average of $51.91 and a 200-day moving average of $52.67. The company has a market cap of $13.011 billion and a P/E ratio of 9.24.
Ensco Plc (NYSE:ESV) last announced its earnings results on Tuesday, April 29th. The company reported $1.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $1.18. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $534.41 million. During the same quarter last year, the company posted $1.36 earnings per share. Ensco Plc’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Ensco Plc will post $5.64 EPS for the current fiscal year.
Ensco plc (NYSE:ESV) is a provider of offshore contract drilling services to the international oil and gas industry.
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