ensco

In a report published on Monday, Morgan Stanley analyst Ole Slorer raised the price target on ENSCO (NYSE: ESV) from $72 to $75 and maintained a rating on the company of Equal-Weight. In the report, Morgan Stanley noted, "As the offshore drilling cycle matures, investors are looking...

The European situation was the focus at this past weekend's G20 meeting. Even as a bailout of Greece seems to be all but set, several eurozone members teeter on the brink of recession. On top of that comes the backlash from Iran over sanctions due to its nuclear development efforts. See also:...

Jefferies is out with its report today on Ensco (NYSE: ESV), reiterating Buy. In a note to clients, Jefferies writes, "Overall, we believe that the ESV story and offshore drilling cycle remains firmly on track and expect upside surprises for both dayrates and utilization during the back half of...

Morgan Keegan has raised the price target on Ensco (NYSE: ESV) from $67 to $70 and maintains its Outperform rating.

Jefferies initiated coverage of Cisco Systems (NASDAQ: CSCO) with a Hold rating. At the same time, Jefferies put its price target on the company's stock to $15.75. In a research report published today, Jefferies states, "We believe it's too early for investors to commit to the stock as we're still...

Jefferies is providing commentary on Ensco's (NYSE: ESV) merger. “With the Pride (NYSE: PDE) merger complete, ESV is now positioned as the 2nd largest offshore driller in the world, with significant leverage to improving UDW floater and jack-up fundamentals,” Jefferies writes. “ESV remains one of...

Duncan-Williams dropped its coverage of Pride International (NYSE: PDE) after the company has been taken over by ENSCO (NYSE: ESV). In a research report published today, Duncan-Williams states, "We are dropping coverage of Pride International, Inc. ENSCO (NYSE : ESV : Strong Buy rating) announced...

Global Hunter is out with its report today on Ensco (NYSE: ESV), raising its PT from $61 to $62. In a note to clients, Global Hunter writes, "At 7.0x our 2012 EBITDA of $2.5 billion, we arrive at a $62 price target, which is up from our prior target of $61. The stock has solid upside to our $62...

Duncan-Williams reiterated its Strong Buy rating on Ensco (NYSE: ESV). At the same time, it left its price target unchanged at $68. In a research report published today, Duncan-Williams states, "ENSCO released a fleet status with numerous changes. Three new contracts and one extension in Saudi...

Credit Suisse is out with its report today on Ensco (NYSE: ESV), reiterating Overweight. In a note to clients, Credit Suisse writes, "We maintain our 12-month target price of $71 per share, which is at parity with our DCF model, and reiterate our outperform rating on ESV shares on an attractive...

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...

According to Jefferies, Ensco (NYSE: ESV) reported recurring 1Q11 EPS of $0.45, below its estimate of $0.48 and Consensus of $0.47 primarily due to higher than expected taxes and SG&A. Jefferies said that despite the miss, ESV remains our favorite offshore drilling stock and we would be buyers...