In a report released today, Judson Bailey from Wells Fargo maintained a Buy rating on Ensco Plc (NYSE: ESV). The company’s shares opened today at $7.12.
According to TipRanks.com, Bailey is a 2-star analyst with an average return of 1.2% and a 30.0% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Baker Hughes a GE company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ensco Plc with a $9.89 average price target, representing a 38.9% upside. In a report released yesterday, Societe Generale also maintained a Buy rating on the stock with a $12.10 price target.
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Based on Ensco Plc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $145 million. In comparison, last year the company had a GAAP net loss of $25.5 million.
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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.
