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A statement released earlier today by Jefferies & Co about Ensco PLC (NYSE:ESV) bumps down the target price to $8.00

Yesterday Ensco PLC (NYSE:ESV) traded 3.58% higher at $7.59. The company’s 50-day moving average is $7.77 and its 200-day moving average is $9.60. The last stock close price is down -21.66% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,541,920 shares of the stock were exchanged, down from an average trading volume of 8,466,370

Reporting a potential upside of 0.05%, Jefferies & Co reduced the stock price target of Ensco PLC (NYSE:ESV) to $8.00

See Chart Below


Ensco PLC has a 52 week low of $6.50 and a 52 week high of $18.93 The company’s market cap is currently $0.

In addition to Jefferies & Co reporting its target price, a total of 29 firms have reported on the stock. The consensus target price is $10.47 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 22 firms rating the stock a hold, 11 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Ensco PLC (NYSE:ESV)

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company's segments include Floaters, Jackups and Other. Its Floaters segment includes the Company's drillships and semisubmersible rigs, and provides contract drilling. The Jackups segments provide contract drilling. The Other segment consists of management services on rigs owned by third parties. It owns and operates an offshore drilling rig fleet of over 60 rigs, including approximately four rigs under construction. Its rig fleet includes approximately 10 drill ships, over 10 semisubmersible rigs, approximately three moored semisubmersible rigs and over 40 jackup rigs. Of its approximately 70 rigs, approximately 30 are located in the Middle East, Africa and Asia Pacific, over 20 are located in North and South America (including Brazil), and approximately 20 are located in Europe and the Mediterranean.

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