Shares of Ensco Plc (NYSE:ESV) have been given an average recommendation of “Hold” by the twenty-five brokerages that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $8.72.
Several equities research analysts recently commented on ESV shares. Bank of America Corporation lowered shares of Ensco Plc from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $7.00 to $5.00 in a report on Friday, June 30th. Jefferies Group LLC set a $9.00 price target on shares of Ensco Plc and gave the stock a “hold” rating in a report on Saturday, July 1st. BMO Capital Markets reissued a “hold” rating and issued a $4.75 price target on shares of Ensco Plc in a report on Tuesday, July 11th. ValuEngine lowered shares of Ensco Plc from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Seaport Global Securities reissued a “sell” rating on shares of Ensco Plc in a report on Wednesday, July 12th.
Several hedge funds have recently made changes to their positions in ESV. GWM Advisors LLC acquired a new position in shares of Ensco Plc during the 2nd quarter valued at about $107,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Ensco Plc during the 2nd quarter valued at about $116,000. Crossmark Global Holdings Inc. acquired a new position in shares of Ensco Plc during the 3rd quarter valued at about $121,000. Riverhead Capital Management LLC boosted its position in shares of Ensco Plc by 94.3% during 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 acquiring an additional 11,605 shares during the last quarter. Finally, Hellman Jordan Management Co. Inc. MA acquired a new position in shares of Ensco Plc during the 2nd quarter valued at about $126,000. 91.56% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Ensco Plc (ESV) traded up 3.99% during trading on Friday, hitting $5.21. 24,109,135 shares of the company were exchanged. Ensco Plc has a 12 month low of $4.10 and a 12 month high of $12.04. The firm’s 50-day moving average price is $5.35 and its 200 day moving average price is $5.90. The firm has a market capitalization of $1.58 billion, a PE ratio of 32.56 and a beta of 1.75.
Ensco Plc (NYSE:ESV) last posted its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.11. The firm had revenue of $460.00 million during the quarter, compared to analyst estimates of $457.79 million. Ensco Plc had a negative net margin of 3.04% and a negative return on equity of 0.37%. The business’s quarterly revenue was down 16.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, equities research analysts expect that Ensco Plc will post ($0.40) earnings per share for the current fiscal year.
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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