An issue of Ensco Plc (NYSE:ESV) debt fell 2.6% against its face value during trading on Friday. The high-yield debt issue has a 4.5% coupon and will mature on October 1, 2024. The debt is now trading at $79.38 and was trading at $86.00 one week ago. Price changes in a company’s debt in credit markets often anticipate parallel changes in its share price.

Several research analysts recently commented on the stock. B. Riley reiterated a “neutral” rating on shares of Ensco in a report on Wednesday, November 1st. Cowen set a $6.00 target price on shares of Ensco and gave the stock a “hold” rating in a report on Thursday, January 11th. Jefferies Group set a $6.00 target price on shares of Ensco and gave the stock a “hold” rating in a report on Thursday, January 4th. Piper Jaffray Companies reiterated a “buy” rating and issued a $6.10 target price on shares of Ensco in a report on Sunday, October 22nd. Finally, FBR & Co restated a “hold” rating on shares of Ensco in a report on Thursday, October 19th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Ensco presently has an average rating of “Hold” and a consensus price target of $7.52.

Ensco Plc (ESV) opened at $4.91 on Friday. Ensco Plc has a twelve month low of $4.10 and a twelve month high of $11.26. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2,789.96, a PE ratio of -25.84 and a beta of 1.74.

Large investors have recently bought and sold shares of the company. Bedel Financial Consulting Inc. acquired a new stake in shares of Ensco during the 4th quarter valued at about $100,000. Private Advisor Group LLC acquired a new stake in shares of Ensco during the 3rd quarter valued at about $100,000. Harvest Management LLC acquired a new stake in shares of Ensco during the 3rd quarter valued at about $119,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Ensco during the 3rd quarter valued at about $121,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Ensco during the 3rd quarter valued at about $127,000. Institutional investors own 76.80% of the company’s stock.

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Ensco Company Profile

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.

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