Canaccord Genuity maintains a 'Buy' on ENSCO International (ESV); Solid Quarter, Growth Trend Continues

Canaccord Genuity maintains a 'Buy' on ENSCO International Plc (NYSE: ESV) price target of $75.00.

Anayst, Scott Burk, said, "Ensco reported another solid quarter of sequential growth and laid out 2012 guidance that brings down our 2012/13 estimates slightly...We expect that Ensco’s valuation attractiveness relative to peers should further improve in 2013, given its better than average earnings growth profile...Ensco represents the Goldilocks of the offshore drillers with a “just right” mix of size, fleet quality, growth catalysts and dividend yield. In our view, any macro-driven correction represents a good buying opportunity, assuming Brent oil prices
remain above $80/bbl."

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 $59.05 yesterday.

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