Devon Energy Co. (DVN), Real Goods Solar, Inc. (RSOL), ReneSola Ltd. (SOL), ENSCO PLC (ESV), Excel Maritime Carriers Ltd (EXM), Suncoke Energy (SXC), Petroleum Development Co. (PETD) and Subsea 7 SA (SUBCY) had ratings and price targets on them adjusted by analysts.
Cantor Fitzgerald downgraded Real Goods Solar, Inc. (RSOL) from a "Buy" rating to a "Hold" rating.
Macquarie downgraded ReneSola Ltd. (SOL) from a "Neutral" rating to a "Underperform" rating.
Goldman Sachs upgraded Devon Energy Co. (DVN) from a "Neutral" rating to a "Buy" rating.
JPMorgan Chase & Co. upgraded ENSCO PLC (ESV) from a "Neutral" rating to a "Overweight" rating.
Jefferies Group upgraded Excel Maritime Carriers Ltd (EXM) from a "Underperform" rating to a "Hold" rating.
Goldman Sachs upgraded Suncoke Energy (SXC) from a "Neutral" rating to a "Buy" rating.
BMO Capital Markets initiated coverage on Petroleum Development Co. (PETD). They have an "Outperform" rating.
Societe Generale upgraded Subsea 7 SA (SUBCY) from a "Sell" rating to a "Hold" rating.
Showing posts with label ENSCO. Show all posts
Showing posts with label ENSCO. Show all posts
Monday, March 19, 2012
Monday, October 18, 2010
Wells (NYSE:WFC) Considers ENSCO International (NYSE:ESV) Cheap Now
Based on its performance against its peers, Wells Fargo (NYSE:WFC) said they consider ENSCO International relatively inexpensive, and upgraded them to "Outperform."
"We think ESV is comparatively cheap today, lagging the upward stock performance of its peers as investors have become more optimistic in the offshore drilling industry over the past month. While we continue to believe the entire offshore drilling group is still somewhat undervalued due to continued uncertainty regarding the future of GOM drilling, we think ESV is particularly attractive as a high-quality company trading at a discounted valuation to the group versus our NAV estimates and EBITDA metrics."
Concerning their valuation range, Wells increased it on ENSCO from $46-$47 to $54-$56.
ENSCO closed in New York Friday at $47.54, gaining $0.04, or 0.08 percent.
"We think ESV is comparatively cheap today, lagging the upward stock performance of its peers as investors have become more optimistic in the offshore drilling industry over the past month. While we continue to believe the entire offshore drilling group is still somewhat undervalued due to continued uncertainty regarding the future of GOM drilling, we think ESV is particularly attractive as a high-quality company trading at a discounted valuation to the group versus our NAV estimates and EBITDA metrics."
Concerning their valuation range, Wells increased it on ENSCO from $46-$47 to $54-$56.
ENSCO closed in New York Friday at $47.54, gaining $0.04, or 0.08 percent.
Friday, August 20, 2010
Transocean (NYSE:RIG) Noble (NYSE:NE) Diamond (NYSE:DO) ENSCO (NYSE:ESV) All Down with Broader Market
Offshore drillers Transocean LTD (NYSE:RIG), Diamond Offshore Drilling, Inc. (NYSE:DO), Noble Corporation (NYSE:NE) and ENSCO PLC (NYSE:ESV) are all down today, as the broader market takes a hit before the weekend on weak economic data.
The reality of the ongoing recession has investors selling off, and offshore drillers aren't exactly considered a positive industry at the moment because of the consequences of the BP oil spill.
As of 2:00 PM EDT, all these offshore drillers are down from over 2 percent to over 3 percent.
Of course this could be positive for investors, who have been happy with the undervaluation of the industry, which gives them numerous buying opportunities in the sector.
The reality of the ongoing recession has investors selling off, and offshore drillers aren't exactly considered a positive industry at the moment because of the consequences of the BP oil spill.
As of 2:00 PM EDT, all these offshore drillers are down from over 2 percent to over 3 percent.
Of course this could be positive for investors, who have been happy with the undervaluation of the industry, which gives them numerous buying opportunities in the sector.
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