Market Overview

Citigroup Reiterates Buy Rating, $70 PT on ENSCO plc

Share:
Related ESV
Drillers Leading The Oil Sector Higher Following OPEC Decision
Goldman Upgrades ENSCO To Buy, Sees 53% Upside
Markets Are Pricing Ensco To Sink, But Its Ability To Stay Afloat Spells Potential For Equity Upside (Seeking Alpha)

In a report published Friday, Citigroup reiterated its Buy rating and $70.00 price target on ENSCO plc (NYSE: ESV).

Citigroup noted, “Earnings were well ahead of estimates in 3Q12, driven by a stronger-than-expected deepwater performance with Series 8500 rigs achieving 99% utilization. We have lowered our 4Q12 EPS slightly on updated guidance and have left our 2013 and 2014 estimates essentially unchanged. We reiterate our Buy rating and $70 price target on the stock.”

ENSCO plc closed on Thursday at $59.59.

Latest Ratings for ESV

DateFirmActionFromTo
Sep 2016JefferiesMaintainsHold
Sep 2016Clarksons PlatouUpgradesSellNeutral
Sep 2016Goldman SachsUpgradesNeutralBuy

View More Analyst Ratings for ESV
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (ESV)

View Comments and Join the Discussion!