Analysts Layout Best- And Worst-Case Scenarios: Daqo New Energy Corp. (DQ), Ensco plc (ESV)

Daqo New Energy Corp. (NYSE:DQ) recent gain occurred on high volume with 0.39 million contracts changing hands on 02-Jan-18. That’s greater from its daily average of 0.3 million contracts. The first sale was made at $60.12 but later the stock became weaker, and closed with a gain of 5.27%. It was last traded at $62.57 apiece.

Daqo New Energy Corp. (DQ): Outperform Candidate With -17.24% Upside Potential

Daqo New Energy Corp. is maintained at an average outperform rating by 4 stock analysts, and there are at least 4.55% of shares outstanding that are currently legally short sold. The shares went up by 14.64% in value last month. Year-to-date it jumped 5.27%. Analysts are turning out to be more optimistic than before, with 3 of analysts who cover Daqo New Energy Corp. (NYSE:DQ) advice adding it to buy candidate list. Wall Street experts also assign a $51.78 price target on Daqo New Energy Corp., pointing towards a -17.24% drop from current levels. The stock is trading for about -2.18% less than its 52-week high.

Daqo New Energy Corp. Reports -1.45% Sales Growth

Daqo New Energy Corp. (DQ) remained successful in beating the consensus-estimated $1.3 as it actually earned $2.35 per share in its last reported financial results. Revenue, on the other hand, scored -1.45% growth from the previous quarter, coming up with $74.9 million.

DQ Adds 15.87% In A Week

This company shares (DQ) so far managed to recover 247.42% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 7.95% while shortening the period to a week, volatility was 8.24%. The share price has already crossed its 20 days moving average, floating at a distance of 22.27% and sits 37.07% higher versus its 50 days moving average. When looking at the past five sessions, the stock returned 15.87% gains and is up by 116.19% compared with its 200-day moving average of $32.82. Also, Daqo New Energy Corp. (DQ) needs to expand a 224.2% increase it experienced over the past twelve months.

Ensco plc (NYSE:ESV) Consensus Call At 2.6

As regular trading ended, Ensco plc (ESV) stock brought in a $0.26 rise to $6.17. The day started at a price of $5.96 but then traded as high as $6.2 before giving part of the gains back. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.6. Ensco plc is given 4 buy-equivalent recommendations, 0 sells and 11 holds. The company shares sank -48.75% from their peak of $12.04 and now has a $2.67 billion market value of equity.

Ensco plc Could Grow 6.81% More

ESV’s mean recommendation on Reuter’s scale presents no change from 2.53 thirty days ago to 2.53 now, which indicates a hold consensus from the analyst community. They see Ensco plc (ESV) price hitting a mean target of $6.59 a share, meaning the stock still has potential that could lift the price another 6.81% Also, the recent close suggests the stock is underpriced by 62.07% compared to the most bullish target.

Ensco plc (ESV) Returns 4.4% This Year

The company had seen its current volume reaching at 11.67 million shares in the last trade. That compares with the recent volume average of 14.58 million. At the close of regular trading, its last week’s stock price volatility was 4.17% which for the month reaches 3.98%. Ensco plc dipped to as low as $5.83 throughout the day and has returned 4.4% in this year. At one point in the past year, the shares traded as low as $4.10 but has recovered 50.49% since then.

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