Ensco plc (ESV) Tops Q4 EPS by 30c, Cuts Dividend by 60c
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ENSCO International Plc (ESV) Sell-Off Overdone, Evercore ISI Says
February 27, 2015 10:11 AM ESTAfter falling 8.2% yesterday following results, ENSCO International Plc (NYSE: ESV) is modestly higher today (-1.5%) after Evercore ISI analyst James West said the pullback in the stock is overdone. The analyst reiterated his Buy while lowering his price target to $34.00 (from $37.00).
West notes "Ensco reported a strong EPS beat of $1.68 versus our $1.27 and consensus $1.37 estimate. The company had an operationally strong quarter as revenue was higher-than-expected and costs were lower-than-expected, while lower-than-expected D&A... More
