Skip to main content

Market Overview

UPDATE: Jefferies Raises PT on Ensco to $67 (ESV)

Share:

Jefferies is out with its report today on Ensco (NYSE: ESV), raising its PT from $64 to $67.

In a note to clients, Jefferies writes, "With a high spec fleet of jack-ups and floaters, global jack-up demand showing tangible signs of a recovery, and the best spot exposure to the high spec UDW market over the next 3 years, we believe that ESV is the best positioned offshore driller to benefit from the next cyclical upturn in activity. We are raising our PT to $67 from $64 on higher EPS estimates."

Jefferies maintains Buy on ESV.

Shares of ESV closed Thursday at $58.27.

 

Related Articles (ESV)

View Comments and Join the Discussion!

Posted-In: ensco JefferiesAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com