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Analyst Recommendations for Ensco after Its 3Q16 Results

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Nov. 3 2016, Updated 9:04 a.m. ET

Analyst recommendations for Ensco

Of the 36 analysts covering Ensco (ESV), 14% have given it a “buy” recommendation, 58% have given it a “hold” recommendation, and 28% have given it a “sell” recommendation. We’ll also see recommendations for other offshore drillers (IYE).

The average target price for Ensco is $8.85 compared to its current price of $8.11 on October 28, 2016. This implies a potential upside of 9.1%. Evercore and Morgan Stanley issued Ensco its highest target price of $12. On the other hand, Nomura, DNB Markets, and Nordea issued the lowest target price of $6.

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Changes in target price

  • Capital One Securities reduced the target price to $8 from $9 and maintained an “equal weight” rating.
  • Credit Suisse reduced the target price to $9 from $10 and maintained a “neutral” rating.
  • Jefferies increased the target price to $9 from $8 and maintained a “hold” rating on the stock.

Analyst recommendations for peers

Atwood Oceanics (ATW) has “buy” ratings from 10% of the analysts covering the stock. It has “sell” ratings from 35% of analysts and “hold” ratings from 55% of analysts. Transocean (RIG) has 8% of analysts recommend a “buy,” 46% recommend a “hold,” and 46% recommend a “sell.”

Diamond Offshore Drilling (DO) has “buy” ratings from 6% of analysts. About 54% of analysts recommend a “hold” and 40% recommend a “sell.” For Rowan Companies (RDC), 22% of the analysts covering the stock recommend a “buy,” 62% recommend a “hold,” and 16% recommend a “sell.”

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