Which Way is The Street Betting Ensco plc (NYSE:ESV) Will Go?

Based on the latest filings with the SEC, investors are looking at Ensco plc (NYSE:ESV)’s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. The firm has 18.48% of total shares float short, yielding a short ratio of 5.59.

There are plenty of technical indicators that traders can choose to follow. With so many different signals to follow, traders may choose to focus on a small number of indicators to start. Many technical analysts will use a combination of different signals in order to help identify the best entry and exit points of a trade. Becoming a master at spotting trends and creating charts may seem impossible for the novice investor. Taking the time to fully understand the methods behind the indicators may help the trader with trying to sort everything out. Studying up on the theory behind some of the more popular indicators  may help the trader understand exactly what they are doing when setting up their charts.  

RECENT PERFORMANCE AND RECOMMENDATION

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Ensco plc (NYSE:ESV)’s stock was 19.97%.  Over the last week of the month, it was -4.06%, 5.35% over the last quarter, and  44.11% for the past six months. 

Over the past 50 days, Ensco plc stock’s -11.62% off of the high and 22.74% removed from the low.  Their 52-Week High and Low are noted here.  -11.62% away from the high and 72.44% from the low. 

The consensus analysts recommendation at this point stands at 2.60 on Ensco plc (NYSE:ESV).  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The same analysts are predicting that the company shares will trade to $6.99 within the next 12-18 months. 

Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.