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Analysts Change Target Price before Ensco’s 4Q16 Results

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Consensus recommendations

Of the 36 analysts covering Ensco (ESV), three analysts gave “strong buy” recommendations, and seven analysts gave “buy” recommendations. Eighteen analysts gave the company a “hold” rating. Six analysts suggest a “sell” for Ensco, and two analysts suggest a “strong sell.”

Ensco’s average target price is $11.18, compared to its current market price of $10.20 on February 17, 2017. This target price implies a potential upside of 8.4%.

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Recent changes

On February 23, 2017, Goldman Sachs raised Ensco’s target price from $11.00 to $11.50 and maintained a “neutral” rating on the stock. On February 21, Jefferies reduced the target price to $12.00 and maintained a “hold” rating on the stock.

On February 3, 2017, Credit Suisse upgraded Ensco from “neutral” to “outperform” and raised the target price from $9.00 to $15.00. Credit Suisse also upgraded Transocean from “neutral” to “outperform.”

On January 30, 2017, Jefferies raised the target price for Ensco (ESV) to $13.00. Simmons & Company raised the target price from $8.60 to $10.20. On January 19, 2017, Deutsche Bank reduced the target price from $10.00 to $8.00. Several other analysts upgraded the stock and raised the target price for Ensco in January 2017.

  • Capital One Securities upgraded Ensco from “equal-weight” to “overweight.” It raised the target price from $9.00 to $12.00.
  • BMO raised the target price from $8.00 to $9.00.
  • Citigroup upgraded the stock from “neutral” to “buy.” It raised the target price from $9.00 to $12.00.
  • Susquehanna Financial raised the target price from $9.00 to $10.00.
  • Barclays raised the target price from $8.00 to $10.00.

Recommendations for Ensco’s peers

Following are the offshore drilling (XLE) companies’ recommendations:

  • Noble (NE) is covered by 36 analysts. Out of these, eight analysts suggest a “strong buy” or “buy,” 22 analysts recommend a “hold,” and the remaining six analysts recommend either a “sell” or “strong sell.”
  • Of the 11 analysts covering Pacific Drilling (PACD), none of the analysts gave the stock a “buy” or “strong buy” recommendation. Five analysts suggest a “hold,” and the remaining six analysts either gave a “strong sell” or “sell” rating.
  • Of the 36 analysts covering Rowan Companies (RDC), eight analysts gave a “strong buy” or “buy” rating. Plus, 61% of the total analysts recommended a “hold” and the remaining six analysts suggest either a “strong sell” or “sell.”
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