FBR Capital Reiterates an 'Outperform' on ENSCO International (ESV); Tweaking Estimates on May Fleet Status
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Price: $8.27 --0%
Rating Summary:
19 Buy, 16 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 16 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital reiterates an 'Outperform' on ENSCO International Plc (NYSE: ESV), PT $70.
FBR analyst says, "We reiterate our rating and price target on ESV due to our long-term positive outlook on jackup day rates and the company's strong strategic position. We are increasingly bullish on the company’s pending merger and believe that, on a long-term horizon, the transaction will be positive for the stock. We foresee this as being a good complement to the company’s current exposure to upside from the tightening jackup market." (FBR lowers FY12 EPS estimate from $5.70 to $5.65)
For more ratings news on ENSCO International Plc click here and for the rating history of ENSCO International Plc click here.
Shares of ENSCO International Plc closed at $53.56 yesterday.
FBR analyst says, "We reiterate our rating and price target on ESV due to our long-term positive outlook on jackup day rates and the company's strong strategic position. We are increasingly bullish on the company’s pending merger and believe that, on a long-term horizon, the transaction will be positive for the stock. We foresee this as being a good complement to the company’s current exposure to upside from the tightening jackup market." (FBR lowers FY12 EPS estimate from $5.70 to $5.65)
For more ratings news on ENSCO International Plc click here and for the rating history of ENSCO International Plc click here.
Shares of ENSCO International Plc closed at $53.56 yesterday.
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