Ensco Could Be A Boutique Value Play In Oil & Gas

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Rupert Hargreaves
Published on
Updated on

ENSCO PLC (NYSE:ESV) could be considered to be one of the few prospective value investments available on the market right now. Indeed, as I write, according to some broker estimates, Ensco is trading at a near 10% discount to its peers on an EV/revenue basis and a 25% discount to its peers on a P/B basis. Having said all of that, on an EV/EBIT basis, Ensco is actually trading at a near 25% premium to the average multiple of its peers. So, depending on where you look, ENSCO PLC (NYSE:ESV) appears both expensive and cheap. However, with a 3.5% dividend yield,…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk