|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.62 - 6.89|
|52 Week Range||4.10 - 12.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2018 - Mar 2, 2018|
|Forward Dividend & Yield||0.04 (0.57%)|
|1y Target Est||6.79|
The remaining 41% recommend a “sell” for Diamond Offshore stock. Its consensus 12-month target price of $19.93 implies a downside of 27.6%, based on its current market price of $19.9 on January 11, 2018. While it’s important to look at analysts’ current ratings, recent changes to recommendations and target prices provide insight into the latest changes in the market sentiment for a stock.
In this series, we’ll discuss analyst ratings and recommendations for offshore drillers, starting with Ensco (ESV). Of the 32 analysts covering Ensco, 47% recommend a “buy” or some equivalent for ESV stock.
In the week ended January 5, 2018, Jefferies and Citigroup revised their target prices and recommendations for offshore drilling stocks. On January 5, 2018, Citigroup raised its target price for Ensco (ESV) to $7.7 from $7.5. Earlier, Jefferies raised its target price to $6 and maintained a “hold” rating on Ensco.
Ensco's (ESV) 7.75% Senior Notes due 2026 has been priced on par. The principal amount of the offering has been upsized to $1 billion.
Ensco plc announced today that it has increased the maximum aggregate purchase price in the previously announced cash tender offers to purchase the outstanding notes of Ensco and its wholly owned subsidiary Pride International, Inc.
Ensco plc announced today that it has priced an upsized offering of $1.0 billion principal amount of 7.75% Senior Notes due 2026 at 100% of par. The expected settlement date for the offering is 26 January 2018, subject to customary closing conditions.
Ensco plc announced today that it has commenced cash tender offers to purchase up to $492,500,000 aggregate purchase price, exclusive of accrued interest , of the outstanding notes of Ensco and its wholly owned subsidiary Pride International, Inc.
It has nothing to do with the offshore rig company's fundamentals, which are good (for its industry). But there's another big reason not to buy.
This month, crude oil prices, a key factor in the fortunes of offshore drillers (OIH), crossed $60 per barrel for the first time in the last 2.5 years.
Offshore drilling stocks have risen in December. In this series, we'll look at whether the underlying fundamentals of the industry have changed.
Approximately 29% of the analysts tracking Noble Corporation (NE) stock have recommended a “buy” or some equivalent as of December 13, 2017.
Among offshore drilling stocks, Ensco (ESV) is the fifth-best-performing stock in 2017. It had a YTD (year-to-date) return of -42.5% as of December 12, 2017.