In a report released yesterday, Ian Macpherson from Piper Jaffray reiterated a Hold rating on Ensco Plc (NYSE: ESV), with a price target of $9. The company’s shares closed yesterday at $8.79, close to its 52-week high of $8.86.
According to TipRanks.com, Macpherson is a 2-star analyst with an average return of 1.7% and a 45.8% success rate. Macpherson covers the Basic Materials sector, focusing on stocks such as Select Energy Services Inc, Diamond Offshore Drilling, and Oceaneering International.
The word on The Street in general, suggests a Hold analyst consensus rating for Ensco Plc with a $7.92 average price target.
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The company has a one-year high of $8.86 and a one-year low of $4.10. Currently, Ensco Plc has an average volume of 11M.
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Ensco Plc engages in the provision of offshore drilling services to the petroleum industry. The company provides drilling services to major international, government-owned and independent oil and gas companies. It operates its business through the following segments: Floaters, Jackups, and Others.
