ensco

According to Duncan-Williams, Ensco (NYSE: ESV) released a fleet status on Friday after the close. Duncan-Williams reported that the changes included increased downtime, contract slippage, and lower rates in the domestic market as the rigs wait on permits. “All of the contract changes lead our...

Duncan Williams has lowered the price target on Ensco PLC (NYSE: ESV) from $70 to $68 and maintains its Strong Buy rating.

Jefferies is reiterating Ensco's (NYSE: ESV) Buy rating after the company's announced acquisition of PDE. The Jefferies report states, “we are taking a more detailed look at the ESV-PDE combination and reiterating our Buy rating on ESV. Overall, we believe the Pride (PDE, $38.85, Hold) acquisition...

Wells Fargo is upgrading shares of Ensco plc (NYSE: ESV) to Outperform. Ensco closed Monday at $52.13.

Jefferies reports that although it forecasts a strong improvement in offshore drilling activity in 2011, “we believe the offshore drillers will have difficulty sustaining the recent rally due to various headwinds.” Conversely, Jefferies believes the OSV sector may be finally poised to outperform. “...

Oppenheimer announced that it is maintaining its Outperform rating and $57 PT on shares of Ensco plc (NYSE: ESV). “We project Ensco will almost double EPS from 2010 to 2012 with its 8500 series newbuilds, with upside to our numbers if the 8504/8505/8506 get contracts in excess of our estimated ~$...

Following a fleet status update by Ensco (NYSE: ESV), Oppenheimer is reducing its 2011 estimates on heightened concern that the ENSCO 8503 UDW new build (10,000' semi) may see delays in the start of its contract. “Additional shipyard days for high-spec jackups relative to our model also weigh on...

Pritchard Morning Intelligence Oil Services Key Energy Services, Inc (NYSE: KEG) – August Update Slightly Positive – U.S. rig hours totaled 142,118 or 6,460 per day, slightly better than estimates of 141,062 and 6,412 respectively. International rig hours were 31,461 or 1,015 per day, slightly less...