Ensco Plc Upgraded to “Buy” at Standpoint Research (ESV)
Ensco Plc (NYSE:ESV) was upgraded by investment analysts at Standpoint Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $60.00 price target on the stock. Standpoint Research’s target price suggests a potential upside of 22.62% from the stock’s previous close.
Ensco Plc (NYSE:ESV) traded up 1.53% on Wednesday, hitting $49.68. 947,584 shares of the company’s stock traded hands. Ensco Plc has a one year low of $47.85 and a one year high of $62.25. The stock’s 50-day moving average is $50.9 and its 200-day moving average is $51.62. The company’s market cap is $11.643 billion.
Ensco Plc (NYSE:ESV) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.26. On average, analysts predict that Ensco Plc will post $5.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Monday, September 8th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, September 4th.
A number of other firms have also recently commented on ESV. Analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Ensco Plc in a research note on Tuesday, August 26th. They now have a $52.00 price target on the stock, down previously from $57.00. Separately, analysts at Global Hunter Securities raised their price target on shares of Ensco Plc from $4.00 to $49.00 in a research note on Tuesday, August 5th. Finally, analysts at BMO Capital Markets downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research note on Monday, August 4th. They now have a $41.00 price target on the stock, down previously from $52.00. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $53.85.
Ensco plc (NYSE:ESV) is a global provider of offshore drilling services to the petroleum industry.
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