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Equities research analysts at Goldman Sachs boosted their price target on shares of Ensco Plc (NYSE:ESV) from $48.00 to $50.00 in a research note issued to investors on Thursday. Goldman Sachs’ price target indicates a potential downside of 6.63% from the stock’s previous close.

Ensco Plc (NYSE:ESV) traded down 0.74% on Thursday, hitting $53.55. The stock had a trading volume of 2,356,276 shares. Ensco Plc has a 1-year low of $47.85 and a 1-year high of $62.25. The stock’s 50-day moving average is $53.47 and its 200-day moving average is $52.30. The company has a market cap of $12.512 billion and a price-to-earnings ratio of 9.05.

Ensco Plc (NYSE:ESV) last released its earnings data on Tuesday, April 29th. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Ensco Plc will post $5.58 EPS for the current fiscal year.

ESV has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Ensco Plc in a research note on Wednesday. They now have a $56.00 price target on the stock. Separately, analysts at Guggenheim raised their price target on shares of Ensco Plc from $60.00 to $64.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Ensco Plc in a research note on Thursday, June 19th. They now have a $40.00 price target on the stock, down previously from $42.00. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Ensco Plc currently has an average rating of “Hold” and an average price target of $56.75.

Ensco plc (NYSE:ESV) is a provider of offshore contract drilling services to the international oil and gas industry.

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