An issue of Ensco Plc (NYSE:ESV) bonds fell 2.6% against their face value during trading on Friday. The high-yield issue of debt has a 4.5% coupon and is set to mature on October 1, 2024. The bonds in the issue are now trading at $79.38 and were trading at $86.00 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.
Several research analysts have weighed in on the stock. B. Riley reissued a “neutral” rating on shares of Ensco in a report on Wednesday, November 1st. Cowen set a $6.00 price target on shares of Ensco and gave the stock a “hold” rating in a research report on Thursday, January 11th. Goldman Sachs Group initiated coverage on shares of Ensco in a research report on Friday, October 13th. They issued a “buy” rating and a $8.00 price target on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $6.10 price target on shares of Ensco in a research report on Sunday, October 22nd. Finally, FBR & Co restated a “hold” rating on shares of Ensco in a research report on Thursday, October 19th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Ensco presently has an average rating of “Hold” and a consensus price target of $7.52.
Shares of Ensco Plc (NYSE ESV) traded down $0.01 during trading hours on Friday, reaching $4.91. 21,232,363 shares of the company traded hands, compared to its average volume of 14,030,000. The company has a market cap of $2,140.00, a P/E ratio of -21.35 and a beta of 1.74. Ensco Plc has a 12-month low of $4.10 and a 12-month high of $11.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.04 and a current ratio of 5.04.
Ensco Company Profile
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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