4.70 +0.02 (0.43%)
After hours: 5:56PM EDT
|Bid||4.66 x 100|
|Ask||4.70 x 400|
|Day's Range||4.67 - 4.97|
|52 Week Range||4.10 - 9.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.81%)|
|1y Target Est||N/A|
Just like other offshore drillers (OIH), Noble (NE) hasn’t had a good run this year and has posted a negative YTD return. Transocean (RIG) has fallen 8.4%, while Ensco (ESV) and Diamond Offshore (DO) both fell more than 17% from the start of the year. Rowan Companies (RDC) has a negative YTD return of 23%.
Analysts are not very bullish on the stock. According to Reuters, 32 analysts give recommendations on Diamond Offshore. Among the top offshore drilling stocks (XLE), Diamond Offshore has the lowest percentage of “buy” recommendations, while only 9% recommend a “buy” or equivalent for the stock.
Of the 32 analysts covering Ensco (ESV), more than 43% recommend a “buy” or some equivalent. In 2017, many analysts turned bullish on Ensco. While it’s important to look at analyst ratings, recent changes to recommendations and target prices provide insight into the latest changes in the market sentiment for a stock.
After Ensco plc’s (NYSE:ESV) earnings announcement in December 2017, the consensus outlook from analysts appear bearish, as a -38.65% fall in profits is expected in the upcoming year. However, thisRead More...
What Happened in the Offshore Drilling Sector Last Week? In this article, we’ll discuss analysts’ target price revisions for offshore drilling (OIH) companies in week nine of 2018, which ended March 2. Ensco (ESV) reported its fourth-quarter results last week. After the company’s earnings release, Jefferies reduced the target price for Ensco to $5 from $6.
In the previous article, we reviewed the details of Ensco’s (ESV) backlog. Ensco has secured several contracts and extensions during the fourth quarter. In the Middle East, Ensco 104 received a 16-month contract with its previous customer.
Ensco believes these factors have created a favorable backdrop for the supply-demand dynamics of the industry. Ensco has observed increased activity in the North Sea and the Gulf of Mexico for short-term projects. Ensco (ESV) has the highest number of jack-up rigs among its peers.