Range Resources (NYSE: RRC), Norfolk Southern Corp. (NYSE: NSC), Office Depot, Inc. (NYSE: ODP), Buffalo Wild Wings (NASDAQ: BWLD), Electronic Arts Inc (NASDAQ: ERTS), ENSCO PLC (NYSE: ESV) and Dollar Tree Inc (NASDAQ: DLTR) upgraded by analysts.
Range Resources (RRC) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating. They have a price target of $65.00 on the company.
Norfolk Southern Corp. (NSC) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Office Depot, Inc. (ODP) was upgraded by Nomura from a “Reduce” rating to a “Neutral” rating.
Buffalo Wild Wings (BWLD) was upgraded by Raymond James (NYSE:RJF) to an “Outperform” rating.
Electronic Arts Inc (ERTS) was upgraded by Brean Murray from a “Hold” rating to a “Buy” rating. They have a price target of $29.00 on the company.
ENSCO PLC (ESV) was upgraded by Morgan Stanley (NYSE:MS) from an “Equal Weight” rating to an “Overweight” rating. They have a price target of $80.00 on the company.
Dollar Tree Inc. (DLTR) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $87.00 on the company.
Showing posts with label ENSCO International. Show all posts
Showing posts with label ENSCO International. Show all posts
Thursday, July 28, 2011
Wednesday, May 18, 2011
Price Targets on (CWTR) (CSA) (DELL) (DO) (ESV) Updated
Price Targets on Coldwater Creek Inc. (NASDAQ: CWTR), Cogdell Spencer Inc (NYSE: CSA), Dell Inc. (NASDAQ: DELL), Diamond Offshore Drilling, Inc. (NYSE: DO) and ENSCO PLC (NYSE: ESV) updated by analysts.
Janney Montgomery Scott cut their price target on Coldwater Creek Inc. (CWTR) from $3.00 to $2.00. They have a “neutral” rating on the company.
Citigroup (NYSE:C) raised their price target on Cogdell Spencer Inc (CSA) to $20.00.
RBC Capital raised their price target on Dell Inc. (DELL) from $17.00 to $20.00. They have a “sector perform” rating on the company.
Global Hunter Securities cut their price target on Diamond Offshore Drilling, Inc. (DO) to $71.00.
Global Hunter Securities raised their price target on ENSCO PLC (ESV) to $62.00.
Janney Montgomery Scott cut their price target on Coldwater Creek Inc. (CWTR) from $3.00 to $2.00. They have a “neutral” rating on the company.
Citigroup (NYSE:C) raised their price target on Cogdell Spencer Inc (CSA) to $20.00.
RBC Capital raised their price target on Dell Inc. (DELL) from $17.00 to $20.00. They have a “sector perform” rating on the company.
Global Hunter Securities cut their price target on Diamond Offshore Drilling, Inc. (DO) to $71.00.
Global Hunter Securities raised their price target on ENSCO PLC (ESV) to $62.00.
Tuesday, May 17, 2011
EPS on (ESV) (FL) (HNZ) (HPQ) (JCI) (MHK) Updated
EPS on ENSCO PLC (NYSE: ESV), Foot Locker (NYSE: FL), H.J. Heinz Company (NYSE: HNZ), Hewlett-Packard (NYSE: HPQ), Johnson Controls, Inc. (NYSE: JCI) and Mohawk Industries, Inc. (NYSE: MHK) were updated by analysts.
Credit Suisse (NYSE:CS) raised their EPS estimate on ENSCO PLC (ESV). They have an “outperform” rating and a price target of $3.80 on the company. They had had a price target of $5.75 on the company.
UBS AG (NYSE:UBS) raised their EPS estimate on Foot Locker (FL). They have a “neutral” rating and a price target of $22.00 on the company. They had had a price target of $21.00 on the company.
Morgan Stanley (NYSE:MS) raised their EPS estimate on H.J. Heinz Company (HNZ). They have an “overweight” rating on the company.
Sterne Agee cut their EPS estimate on Hewlett-Packard (HPQ). They have a “buy” rating and a price target of $53.00 on the company.
Morgan Stanley raised their EPS estimate on Johnson Controls, Inc. (JCI). They have an “overweight” rating and a price target of $52.00 on the company.
Goldman Sachs (NYSE:GS) raised their EPS estimate on Mohawk Industries, Inc. (MHK). They have a “neutral” rating and a price target of $57.00 on the company.
Credit Suisse (NYSE:CS) raised their EPS estimate on ENSCO PLC (ESV). They have an “outperform” rating and a price target of $3.80 on the company. They had had a price target of $5.75 on the company.
UBS AG (NYSE:UBS) raised their EPS estimate on Foot Locker (FL). They have a “neutral” rating and a price target of $22.00 on the company. They had had a price target of $21.00 on the company.
Morgan Stanley (NYSE:MS) raised their EPS estimate on H.J. Heinz Company (HNZ). They have an “overweight” rating on the company.
Sterne Agee cut their EPS estimate on Hewlett-Packard (HPQ). They have a “buy” rating and a price target of $53.00 on the company.
Morgan Stanley raised their EPS estimate on Johnson Controls, Inc. (JCI). They have an “overweight” rating and a price target of $52.00 on the company.
Goldman Sachs (NYSE:GS) raised their EPS estimate on Mohawk Industries, Inc. (MHK). They have a “neutral” rating and a price target of $57.00 on the company.
Ratings on (ESV) (CTRP) (GME) (HD) (HERO) Reiterated
Ratings on ENSCO PLC (NYSE: ESV), Ctrip.com International, Ltd. (NASDAQ: CTRP), GameStop Corp (NYSE: GME), Home Depot (NYSE: HD) and Hercules Offshore, Inc. (NASDAQ: HERO) were reiterated by analysts.
Duncan Williams reiterated a “strong buy” rating on ENSCO PLC (ESV). They have a price target of $68.00 on the company.
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on Ctrip.com International, Ltd. (CTRP).
Sterne Agee reiterated a “buy” rating on GameStop Corp (GME).
Goldman Sachs (NYSE:GS) reiterated a “buy” rating on Home Depot (HD).
Duncan Williams reiterated a “strong buy” rating on Hercules Offshore, Inc. (HERO). They have a price target of $10.50 on the company.
Duncan Williams reiterated a “strong buy” rating on ENSCO PLC (ESV). They have a price target of $68.00 on the company.
Morgan Stanley (NYSE:MS) reiterated an “overweight” rating on Ctrip.com International, Ltd. (CTRP).
Sterne Agee reiterated a “buy” rating on GameStop Corp (GME).
Goldman Sachs (NYSE:GS) reiterated a “buy” rating on Home Depot (HD).
Duncan Williams reiterated a “strong buy” rating on Hercules Offshore, Inc. (HERO). They have a price target of $10.50 on the company.
Ratings on (CASY) (CRM) (CTRP) (ESV) (GFIG) Reiterated
Ratings on Casey’s General (NASDAQ: CASY), Salesforce.com (NYSE: CRM), Ctrip.com International, Ltd. (NASDAQ: CTRP), ENSCO PLC (NYSE: ESV) and GFI Group Inc. (NASDAQ: GFIG) were reiterated by analysts.
Morgan Keegan reiterated an “outperform” rating on Casey’s General (CASY). They now have a price target of $46.00 on the company.
Deutsche Bank (NYSE:DB) reiterated a “buy” rating on Salesforce.com (CRM). They have a price target of $200.00 on the company.
Bank of America (NYSE:BAC) reiterated a “neutral” rating on Ctrip.com International, Ltd. (CTRP). They have a price target of $50.50 on the company.
Credit Suisse (NYSE:CS) reiterated an “overweight” rating on ENSCO PLC (ESV).
Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on GFI Group Inc. (GFIG).
Morgan Keegan reiterated an “outperform” rating on Casey’s General (CASY). They now have a price target of $46.00 on the company.
Deutsche Bank (NYSE:DB) reiterated a “buy” rating on Salesforce.com (CRM). They have a price target of $200.00 on the company.
Bank of America (NYSE:BAC) reiterated a “neutral” rating on Ctrip.com International, Ltd. (CTRP). They have a price target of $50.50 on the company.
Credit Suisse (NYSE:CS) reiterated an “overweight” rating on ENSCO PLC (ESV).
Goldman Sachs (NYSE:GS) reiterated a “neutral” rating on GFI Group Inc. (GFIG).
Monday, May 2, 2011
Ratings on (DNDN) (DO) (ESV) (INFA) Initiated by Analysts
Dendreon Co. (NASDAQ: DNDN), Diamond Offshore Drilling, Inc. (NYSE: DO), ENSCO PLC (NYSE: ESV) and Informatica Co. (NASDAQ: INFA) get ratings initiations from analysts.
ThinkEquity initiated coverage on Dendreon Co. (DNDN). They placed a “buy” rating and a price target of $50.00 on the company.
Canaccord Genuity initiated coverage on Diamond Offshore Drilling, Inc. (DO). They set a “hold” rating and a $88.00 price target on the company.
Canaccord Genuity analysts initiated coverage on shares of ENSCO PLC (ESV). They set a “buy” rating on the company.
UBS AG (NYSE:UBS) analysts initiated coverage on shares of Informatica Co. (INFA). They set a “buy” rating on the company.
ThinkEquity initiated coverage on Dendreon Co. (DNDN). They placed a “buy” rating and a price target of $50.00 on the company.
Canaccord Genuity initiated coverage on Diamond Offshore Drilling, Inc. (DO). They set a “hold” rating and a $88.00 price target on the company.
Canaccord Genuity analysts initiated coverage on shares of ENSCO PLC (ESV). They set a “buy” rating on the company.
UBS AG (NYSE:UBS) analysts initiated coverage on shares of Informatica Co. (INFA). They set a “buy” rating on the company.
Monday, April 25, 2011
WESCO (WCC) (WFT) (HON) (ESV) Price Target Changes
Price targets on WESCO International, Inc. (NYSE: WCC), Weatherford (NYSE: WFT), Honeywell International Inc. (NYSE: HON) and ENSCO PLC (NYSE: ESV) were changed on April 25th, with analysts weighing in on the up and downside of the movements.
Citigroup (NYSE:C) boosted their price target on WESCO International, Inc. from $69.00 to $70.00.
Jefferies (NYSE:JEF) cut their price target on Weatherford from $28.00 to $26.00. They have a “Buy” rating on the stock.
Oppenheimer raised their price target on Honeywell International Inc. from $68.00 to $73.00. They have an “Outperform” rating on the stock.
Jefferies raised their price target on ENSCO PLC from $64.00 to $67.00. They have a “Buy” rating on ENSCO.
Citigroup (NYSE:C) boosted their price target on WESCO International, Inc. from $69.00 to $70.00.
Jefferies (NYSE:JEF) cut their price target on Weatherford from $28.00 to $26.00. They have a “Buy” rating on the stock.
Oppenheimer raised their price target on Honeywell International Inc. from $68.00 to $73.00. They have an “Outperform” rating on the stock.
Jefferies raised their price target on ENSCO PLC from $64.00 to $67.00. They have a “Buy” rating on ENSCO.
Monday, February 7, 2011
Pride International (NYSE:PDE) Soars on Ensco (NYSE:ESV) Acquisition
On the announcement that Ensco (NYSE:ESV) was going to acquire Pride International (NYSE:PDE) for $7.3 billion, shares of Pride surged by over 16 percent on the news, although Ensco pulled back.
Once the deal is completed the new company will be the second-largest off-shore drilling company in the world, valued at over $16 billion. The combined company will include 74 rigs.
Ensco Chief Executive Officer Dan Rabun said in a statement, "The combination is an ideal strategic fit, as our rig types, markets, customers and expertise complement each other with minimal overlap."
The offer by Ensco values Pride International at $41.60, a premium of 21 percent over its Friday close.
Terms of the deal will be cash and shares, whereby shareholders in Pride will receive 0.4778 newly issued shares of Ensco, plus $15.60 in cash for each share of Pride common stock.
Ensco shareholders will have a stake of about 62 percent in the combined company and Pride shareholders close to 38 percent. The deal could close in the second quarter.
The company will be named Ensco after the deal is closed.
Pride was trading at $39.87, gaining $5.48, or 15.93 percent, as of 11:28 AM EST. Ensco was trading at $52.00, down 2.41, or 4.43 percent.
Once the deal is completed the new company will be the second-largest off-shore drilling company in the world, valued at over $16 billion. The combined company will include 74 rigs.
Ensco Chief Executive Officer Dan Rabun said in a statement, "The combination is an ideal strategic fit, as our rig types, markets, customers and expertise complement each other with minimal overlap."
The offer by Ensco values Pride International at $41.60, a premium of 21 percent over its Friday close.
Terms of the deal will be cash and shares, whereby shareholders in Pride will receive 0.4778 newly issued shares of Ensco, plus $15.60 in cash for each share of Pride common stock.
Ensco shareholders will have a stake of about 62 percent in the combined company and Pride shareholders close to 38 percent. The deal could close in the second quarter.
The company will be named Ensco after the deal is closed.
Pride was trading at $39.87, gaining $5.48, or 15.93 percent, as of 11:28 AM EST. Ensco was trading at $52.00, down 2.41, or 4.43 percent.
Thursday, January 27, 2011
Hercules (Nasdaq:HERO), Seahawk (Nasdaq:HAWK), ENSCO (NYSE:ESV), Rowan (NYSE:RDC), Noble (NYSE:NE) EPS All Lowered
Hercules (Nasdaq:HERO), Seahawk (Nasdaq:HAWK), ENSCO (NYSE:ESV), Rowan (NYSE:RDC) and Noble (NYSE:NE) all have a "Neutral" rating on them from, Global Hunter Securities, which also lowered the EPS estimates on all five of the companies.
Global says, "The supply/demand balance in the US Gulf jackup market may have come into question last week with the influx of five Noble Corp (NE) jackups for temporary stacking for cost savings purposes. We understand these rigs to be awaiting opportunity back in Mexico and are not immediately part of the marketed supply. However, we are reluctant to accept that all five rigs will return to Mexico under contract with PEMEX near-term, particularly given the NOC's desire to high-grade its rig fleet (despite the slowness of that process). While the potential to add rigs to the US market had existed with the notion of PEMEX upgrading its jackup fleet, we assumed PEMEX's tardiness to act suggests the US Gulf permitting process could be closer to normalization and rig demand potentially improving, similar to pre-Macondo levels..."
For Hercules Offshore (HERO) FY12 EPS lowered from -$0.34 to -$0.42 and PT cut from $3.40 to $3.10.
For Seahawk Drilling (HAWK) FY11 EPS lowered from -$3.81 to -$3.90 and FY12 from -$3.31 to -$4.25. PT lowered from $10 to $8.50.
For ENSCO International (ESV) FY11 EPS lowered from $4.39 to $3.97 and FY12 from $5.49 to $5.43. PT increased from $47 to $55.
For Rowan (RDC) FY11 EPS lowered from $2.30 to $2.20 and FY12 from $3.69 to $3.62. PT increased from $32 to $36.
For Noble (NE) FY11 EPS lowered from $3.25 to $2.07 and FY12 from $4.95 to $4.33. PT increased from $37 to $40.
"Our price targets fluctuate as a result of our estimate changes, but are higher for ESV, RDC and NE as we roll into 2012 estimates for our valuation (more detail in company-specific section below). We have a Neutral outlook for the group, and we are maintaining our Neutral ratings on each of the five stocks mentioned in this report."
Global says, "The supply/demand balance in the US Gulf jackup market may have come into question last week with the influx of five Noble Corp (NE) jackups for temporary stacking for cost savings purposes. We understand these rigs to be awaiting opportunity back in Mexico and are not immediately part of the marketed supply. However, we are reluctant to accept that all five rigs will return to Mexico under contract with PEMEX near-term, particularly given the NOC's desire to high-grade its rig fleet (despite the slowness of that process). While the potential to add rigs to the US market had existed with the notion of PEMEX upgrading its jackup fleet, we assumed PEMEX's tardiness to act suggests the US Gulf permitting process could be closer to normalization and rig demand potentially improving, similar to pre-Macondo levels..."
For Hercules Offshore (HERO) FY12 EPS lowered from -$0.34 to -$0.42 and PT cut from $3.40 to $3.10.
For Seahawk Drilling (HAWK) FY11 EPS lowered from -$3.81 to -$3.90 and FY12 from -$3.31 to -$4.25. PT lowered from $10 to $8.50.
For ENSCO International (ESV) FY11 EPS lowered from $4.39 to $3.97 and FY12 from $5.49 to $5.43. PT increased from $47 to $55.
For Rowan (RDC) FY11 EPS lowered from $2.30 to $2.20 and FY12 from $3.69 to $3.62. PT increased from $32 to $36.
For Noble (NE) FY11 EPS lowered from $3.25 to $2.07 and FY12 from $4.95 to $4.33. PT increased from $37 to $40.
"Our price targets fluctuate as a result of our estimate changes, but are higher for ESV, RDC and NE as we roll into 2012 estimates for our valuation (more detail in company-specific section below). We have a Neutral outlook for the group, and we are maintaining our Neutral ratings on each of the five stocks mentioned in this report."
Thursday, January 20, 2011
ENSCO International (NYSE:ESV) EPS Estimates Lowered on Fleet Report
ENSCO International (NYSE:ESV) had their EPS estimates lowered by FBR for full year 2010 and 2011, based on their recently released fleet status report.
FBR says, "We are revising our estimates for ESV based on new information contained in the company's January 2011 fleet status report. Although our estimates came down slightly for 2011 due to previously unscheduled maintenance and mobilization time, they do not depart from our thesis...Estimates for FY 2010 change to $3.54 from $3.55, and for FY 2011, they change to $4.25 from $4.37. FY 2012 increased by $0.01 to $5.36 from $5.35."
FBR Capital reiterates an "Outperform" rating on ENSCO International Plc (ESV), which closed Wednesday at $52.61, losing $1.26, or 2.34 percent. FBR raised their price target on ENSCO from $59 to $70.
FBR says, "We are revising our estimates for ESV based on new information contained in the company's January 2011 fleet status report. Although our estimates came down slightly for 2011 due to previously unscheduled maintenance and mobilization time, they do not depart from our thesis...Estimates for FY 2010 change to $3.54 from $3.55, and for FY 2011, they change to $4.25 from $4.37. FY 2012 increased by $0.01 to $5.36 from $5.35."
FBR Capital reiterates an "Outperform" rating on ENSCO International Plc (ESV), which closed Wednesday at $52.61, losing $1.26, or 2.34 percent. FBR raised their price target on ENSCO from $59 to $70.
Friday, December 17, 2010
FBR on Hercules Offshore (NASDAQ:HERO), ENSCO (NYSE:ESV)
FBR adjusted their estimates for Hercules Offshore (NASDAQ:HERO) and ENSCO International Plc (NYSE:ESV) based on new contracts and/or changing fleet status.
On Hercules they said, "We are adjusting our estimates to account for recent announcements in Hercules Offshore's December fleet status report and revising our price target downward to $3.00 from $3.50...Q4 EPS estimate cut from $0.13 to $0.12, FY10 from $0.64 to $0.63, FY11 from $0.63 to $0.65 and FY12 from $0.75 to $0.80."
For Ensco, "Following ENSCO’s recent fleet status report filed for December 2010, we are adjusting our estimates to account for new contracts...The fleet status reports caused modest adjustments to EPS forecasts, bringing expected 2010 EPS to $3.55 from $3.57, 2011 EPS to $4.37 from $4.30, and 2012 EPS to $5.35 from $5.30."
FBR Capital maintains a "Market Perform" on Hercules Offshore, which closed Thursday at $3.09, up $0.23, or 8.04 percent. They lowered their price target on them to $3.
FBR Capital maintains an "Outperform" on ENSCO International Plc, which closed Thursday at $52.25, up $1.05, or 2.05 percent. They have a price target on them of $59.
On Hercules they said, "We are adjusting our estimates to account for recent announcements in Hercules Offshore's December fleet status report and revising our price target downward to $3.00 from $3.50...Q4 EPS estimate cut from $0.13 to $0.12, FY10 from $0.64 to $0.63, FY11 from $0.63 to $0.65 and FY12 from $0.75 to $0.80."
For Ensco, "Following ENSCO’s recent fleet status report filed for December 2010, we are adjusting our estimates to account for new contracts...The fleet status reports caused modest adjustments to EPS forecasts, bringing expected 2010 EPS to $3.55 from $3.57, 2011 EPS to $4.37 from $4.30, and 2012 EPS to $5.35 from $5.30."
FBR Capital maintains a "Market Perform" on Hercules Offshore, which closed Thursday at $3.09, up $0.23, or 8.04 percent. They lowered their price target on them to $3.
FBR Capital maintains an "Outperform" on ENSCO International Plc, which closed Thursday at $52.25, up $1.05, or 2.05 percent. They have a price target on them of $59.
Wednesday, December 15, 2010
ENSCO International (NYSE:ESV) EPS Leverage Strong on Jackup Rig Pricing
FBR Capital likes what they see in the pricing power of ENSCO International (NYSE:ESV) in relationship to jackup rig rates, which they see driving up EPS going forward.
FBR said, "We are adding Ensco plc to the FBR Top Picks list based on its strong EPS leverage to rising jackup rig rates. We expect rates for mid-tier jackups to start to narrow the gap with higher-end rigs, driving EPS upside for ESV. Ensco is also very well positioned to benefit markedly from what we see as a firming of the day rates environment on ultra-deepwater semisubmersible rigs."
FBR Capital maintains an "Outperform" rating on ENSCO International Plc, which closed Tuesday at $51.57, down $0.06, or 0.12 percent. They have a price target on them of $59.
FBR said, "We are adding Ensco plc to the FBR Top Picks list based on its strong EPS leverage to rising jackup rig rates. We expect rates for mid-tier jackups to start to narrow the gap with higher-end rigs, driving EPS upside for ESV. Ensco is also very well positioned to benefit markedly from what we see as a firming of the day rates environment on ultra-deepwater semisubmersible rigs."
FBR Capital maintains an "Outperform" rating on ENSCO International Plc, which closed Tuesday at $51.57, down $0.06, or 0.12 percent. They have a price target on them of $59.
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