Ensco plcEnsco plc - Value Alert
Texas (October 2, 2013) Wax Ink has issued a No Investment Interest opinion for Ensco plc (NYSE: ESV) based on a recent baseline equity review which placed fair value between $51-$63.
No investment interest means that the current risk reward ratio is neither favorable nor unfavorable for investment consideration at this time.
The recent close of $53.75 is approximately 76% above the fair value buy target for the stock and approximately 14% below the fair value close target for the stock. The recent close is also 17% below analysts’ twelve-month $65.00 median price target for the stock.
The recent close represents a 10% decrease in the one-year price of the stock, while year-over-year sales increased 51%, year-over-year earnings increased 82%, and year-over-year debt decreased 5%.
The stock currently has a trailing twelve-month PE Ratio of 7, a flow ratio of 1.31, and a PEG Ratio of 0.5 basis estimated forward earnings growth of 16%.
In the past 52 weeks, share prices have moved between a high of $65.82 and a low of $51.01, placing equilibrium at $57.93.
With the recent close, the stock is trading 23% below the 52 week high, 5% above the 52 week low, and 8% below equilibrium.
The three-month average daily trading volume for the stock is approximately 1.8 million shares.
Ensco plc provides offshore contract drilling services to the international oil and gas industry.
The company's listed competitors include Nabors Industries, Noble Corporation,and Transocean.
Financial information that may be contained herein is based on the company's most recent annual SEC filing for year ending December 31, 2013.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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