Nomura Holdings Reiterates a Sell Rating on Ensco Plc

In a report released today, Lloyd Byrne from Nomura Holdings reiterated a Sell rating on Ensco Plc (NYSE: ESV), with a price target of $6. The company’s shares opened today at $7.37, close to its 52-week low of $6.50.

According to, Byrne is a 4-star analyst with an average return of 8.6% and a 62.0% success rate. Byrne covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Parker Drilling Company, and Whiting Petroleum Corp.

Ensco Plc has an analyst consensus of Hold, with a price target consensus of $7.67.

The company has a one year high of $18.69 and a one year low of $6.50. Currently, Ensco Plc has an average volume of 8.8M.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2015, James Swent, the EVP of ESV sold 50,000 shares for a total of $1,136,500.

Ensco Plc provides offshore drilling services to the petroleum industry. The company provides drilling services to major international, government-owned and independent oil and gas companies. It operates its business through the following segments: Floaters, Jackups and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment engages in providing contract drilling service. The Others segment consists of management services on rigs owned by third-parties. Ensco was founded on July 3, 1905 and is headquartered in London, the United Kingdom.