In a report released today, Marc Bianchi from Cowen & Co. reiterated a Hold rating on Ensco Plc (ESV), with a price target of $5. The company’s shares closed on Friday at $5.67.
According to TipRanks.com, Bianchi has currently no stars on a ranking scale of 0-5 stars, with an average return of -14.8% and a 25.0% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ensco Plc with a $9.84 average 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.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock.
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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.
