Ensco Plc (ESV) Gets a Sell Rating from Barclays

By Austin Angelo

Barclays analyst David Anderson maintained a Sell rating on Ensco Plc (ESVResearch Report) on May 1 and set a price target of $13. The company’s shares closed on Friday at $13.21, close to its 52-week low of $11.85.

According to TipRanks.com, Anderson has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.3% and a 40.7% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Covia Holdings Corporation, and Diamond Offshore Drilling.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ensco Plc with a $20.25 average price target.

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The company has a one-year high of $38.04 and a one-year low of $11.85. Currently, Ensco Plc has an average volume of 10.37M.

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Ensco Rowan Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its business through the following segments: Floaters, Jackups, and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service.