UPDATE: BMO Capital Upgrades ENSCO International Plc (ESV) to Market Perform

October 17, 2016 7:34 AM EDT
Get Alerts ESV Hot Sheet
Price: $11.24 -0.27%

Rating Summary:
    18 Buy, 21 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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(Updated - October 17, 2016 9:08 AM EDT)

BMO Capital upgraded ENSCO International Plc (NYSE: ESV) from Underperform to Market Perform with a price target of $8.

"Upgrading ESV to Market Perform from Underperform and moving it to the top of our list for investors that want long exposure to the offshore drillers. ESV has significantly underperformed peers and the OIH by 19% and 58% YTD, respectively. We now see balanced risk/reward with just 4% downside to our $8 price target (28% downside to the low-end of our trading range and 33% upside to the high end). ESV screens well on our stress test and does not need to access its undrawn revolver until it expires in 3Q2020," said analyst Daniel J. Boyd.

For an analyst ratings summary and ratings history on ENSCO International Plc click here. For more ratings news on ENSCO International Plc click here.

Shares of ENSCO International Plc closed at $8.30 yesterday.

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