Ensco Plc Gets a Hold Rating from Susquehanna

By Ryan Adsit

Susquehanna analyst Charles Minervino reiterated a Hold rating on Ensco Plc (NYSE: ESV) today and set a price target of $5.50. The company’s shares opened today at $5.41.

According to TipRanks.com, Minervino is ranked 0 out of 5 stars with an average return of -6.8% and a 39.8% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Schlumberger Limited.

Ensco Plc has an analyst consensus of Hold, with a price target consensus of $5.16.

The company has a one-year high of $8.75 and a one-year low of $4.10. Currently, Ensco Plc has an average volume of 12.86M.

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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.