4.60 +0.01 (0.22%)
After hours: 7:44PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||4.46 - 4.75|
|52 Week Range||4.10 - 9.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||0.04 (0.86%)|
|1y Target Est||6.41|
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.
2017 was a year to forget for David Einhorn and Greenlight Capital. The fund returned just 1.6%, well below S&P500’s 19.4% gain. Things got even worse in January 2018. While the S&P500 rose 5.6% and registered its best January performance since 1997, Einhorn’s fund slumped 5.5%. “While we’ve never underperformed like this, our prior worst […]