Cowen and Company set a $4.00 price objective on ENSCO PLC (NYSE:ESV) in a report published on Wednesday, October 18th. The firm currently has a hold rating on the offshore drilling services provider’s stock.
Other research analysts also recently issued reports about the company. Jefferies Group LLC set a $9.00 target price on ENSCO PLC and gave the stock a hold rating in a research note on Saturday, July 1st. BMO Capital Markets set a $5.00 target price on ENSCO PLC and gave the stock a hold rating in a research note on Tuesday, October 17th. ValuEngine downgraded ENSCO PLC from a hold rating to a sell rating in a research note on Monday, October 2nd. UBS AG raised ENSCO PLC from a neutral rating to a buy rating and upped their target price for the stock from $6.00 to $8.00 in a research note on Monday, September 25th. Finally, Nordea Equity Research reissued a buy rating and issued a $8.00 price objective on shares of ENSCO PLC in a research note on Saturday, September 30th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $8.47.
ENSCO PLC (NYSE ESV) traded up 3.99% on Wednesday, reaching $5.21. 24,109,135 shares of the company traded hands. The company has a market capitalization of $1.58 billion, a PE ratio of 32.56 and a beta of 1.75. The stock’s 50 day moving average price is $5.38 and its 200 day moving average price is $5.86. ENSCO PLC has a one year low of $4.10 and a one year high of $12.04.
ENSCO PLC (NYSE:ESV) last released its quarterly earnings data on Thursday, October 26th. The offshore drilling services provider reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.11. ENSCO PLC had a negative return on equity of 0.37% and a negative net margin of 3.04%. The business had revenue of $460.00 million for the quarter, compared to analyst estimates of $457.79 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s quarterly revenue was down 16.1% compared to the same quarter last year. On average, equities research analysts predict that ENSCO PLC will post ($0.40) EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the stock. GWM Advisors LLC acquired a new stake in ENSCO PLC in the 2nd quarter valued at about $107,000. Raymond James Financial Services Advisors Inc. acquired a new stake in ENSCO PLC in the 2nd quarter valued at about $116,000. Crossmark Global Holdings Inc. acquired a new stake in ENSCO PLC in the 3rd quarter valued at about $121,000. Riverhead Capital Management LLC raised its position in ENSCO PLC by 94.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 23,905 shares of the offshore drilling services provider’s stock valued at $123,000 after purchasing an additional 11,605 shares in the last quarter. Finally, Hellman Jordan Management Co. Inc. MA acquired a new stake in ENSCO PLC in the 2nd quarter valued at about $126,000. Institutional investors own 91.56% of the company’s stock.
About ENSCO PLC
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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