Dahlman Rose Comments On ENSCO International, Maintains Hold Rating (ESV)

Dahlman Rose commented on ENSCO International ELV and maintained its ENSCO International Hold rating in a research report published today. In the report, Dahlman Rose states, "On par with outlook from Noble (NE) management, Ensco sees strength in the North Sea and GoM independent-leg market from a pricing power perspective. It highlighted the recent flurry of tenders from Pemex as cause for tightness in GoM market and expects Saudi Aramco to positively impact the market as well. We believe the pending merger with Pride will pay-off down the line as Ensco transitions into a major market player." Shares of ENSCO International were trading at $58.36 at the time of posting, up 2.33% from Wednesday's market close.