|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||5.21 - 5.49|
|52-week range||4.10 - 12.04|
|PE ratio (TTM)||33.13|
|Forward Dividend & Yield||0.04 (0.77%)|
|1y target est||N/A|
Three stocks that, for different reasons, look very cheap today. But cheap isn't the same as being worth buying. Keep reading to find out if these are worth buying.
On October 12, Citigroup raised its target price for Ensco to $7.7 from $7.10. On October 10, Deutsche Bank initiated coverage on Ensco (ESV) with a “hold” rating.
The Zacks Analyst Blog Highlights: Chevron, Phillips 66, Royal Dutch Shell, ExxonMobil and Ensco
U.S. supermajor Chevron (CVX) started production at its giant Wheatstone LNG project in Australia, while midstream operator Phillips 66 (PSX) announced a new $3 billion stock repurchase program.
Industry incumbents Ensco, Rowan Cos. and Noble Corp. may find increasing competition from newcomer Borr Drilling and others.
Ensco (ESV) completes the acquisition of Atwood Oceanics. The company expects broadened customer base and greater exposure to deepwater drilling business.
A majority of shareholders of both Ensco PLC and Atwood Oceanics Inc. gave the green light to an all-share merger of the two offshore-drilling companies.
Ensco believes the combination preserves the company’s financial strength and balance sheet with a pro forma liquidity position of $3.3 billion as of June 30, 2017.
Ensco would acquire Atwood Oceanics’ rigs at ~$222 million per floater, which Ensco believes is a compelling price.
When Ensco (ESV) announced its planned purchase of Atwood Oceanics (ATW) in June, we noted that it was, perhaps, the first sign of a bottom in the offshore drillers. Since then Transocean (RIG) agreed to acquire Songa Offshore, and now Rowan (RDC) is said to be interested in acquiring Maersk's drilling business.
Shares of offshore drilling and services companies surged on Monday after UBS raised its price targets for several stocks in the space.
Jim Cramer shares his take on callers' favorite stocks at lightning speed, including one high-profile tech name.