Ensco (NYSE:ESV) Given a $6.00 Price Target by Cowen Analysts

Ensco (NYSE:ESV) received a $6.00 price objective from analysts at Cowen in a research note issued on Thursday, January 11th. The brokerage currently has a “hold” rating on the offshore drilling services provider’s stock. Cowen’s price target would indicate a potential upside of 6.57% from the company’s previous close.

A number of other analysts also recently weighed in on ESV. B. Riley reissued a “neutral” rating on shares of Ensco in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Ensco from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. UBS Group raised shares of Ensco from a “neutral” rating to a “buy” rating and raised their price target for the stock from $6.00 to $8.00 in a research report on Monday, September 25th. Piper Jaffray Companies downgraded shares of Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 price target for the company. in a research report on Thursday, January 11th. Finally, Nordea Equity Research reissued a “buy” rating and set a $8.00 price target on shares of Ensco in a research report on Saturday, September 30th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.52.

Ensco (NYSE:ESV) traded down $0.38 during mid-day trading on Thursday, hitting $5.63. 15,937,022 shares of the stock were exchanged, compared to its average volume of 13,057,158. Ensco has a twelve month low of $4.10 and a twelve month high of $11.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.04 and a quick ratio of 5.04. The firm has a market capitalization of $3,415.00, a P/E ratio of -29.63 and a beta of 1.74.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in Ensco by 25.3% during the second quarter. BlackRock Inc. now owns 32,777,289 shares of the offshore drilling services provider’s stock worth $169,130,000 after purchasing an additional 6,612,735 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Ensco by 170.3% during the second quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock worth $86,564,000 after purchasing an additional 10,568,874 shares during the last quarter. Capital International Investors lifted its stake in Ensco by 49.1% during the third quarter. Capital International Investors now owns 15,811,810 shares of the offshore drilling services provider’s stock worth $94,397,000 after purchasing an additional 5,205,307 shares during the last quarter. Capital Guardian Trust Co. lifted its stake in Ensco by 22.9% during the third quarter. Capital Guardian Trust Co. now owns 13,074,290 shares of the offshore drilling services provider’s stock worth $78,054,000 after purchasing an additional 2,437,145 shares during the last quarter. Finally, State Street Corp lifted its stake in Ensco by 1.6% during the second quarter. State Street Corp now owns 12,112,020 shares of the offshore drilling services provider’s stock worth $62,497,000 after purchasing an additional 192,165 shares during the last quarter. Hedge funds and other institutional investors own 76.80% of the company’s stock.

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Ensco Company Profile

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.

Analyst Recommendations for Ensco (NYSE:ESV)

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