Ensco Plc (NYSE:ESV) has received an average rating of “Hold” from the twenty-six brokerages that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $8.72.
A number of research firms have recently weighed in on ESV. Nordea Equity Research restated a “buy” rating and issued a $8.00 target price on shares of Ensco Plc in a report on Saturday, September 30th. FBR & Co reduced their target price on shares of Ensco Plc from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a report on Monday, October 30th. UBS AG upgraded shares of Ensco Plc from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $6.00 to $8.00 in a report on Monday, September 25th. Finally, began coverage on shares of Ensco Plc in a report on Thursday, October 19th. They issued a “buy” rating and a $7.30 target price on the stock.
Shares of Ensco Plc (NYSE:ESV) traded up $0.06 during midday trading on Thursday, reaching $5.45. 8,028,159 shares of the company’s stock were exchanged, compared to its average volume of 15,631,360. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.04 and a current ratio of 5.04. Ensco Plc has a one year low of $4.10 and a one year high of $12.04.
Ensco Plc (NYSE:ESV) last announced its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.11. The company had revenue of $460.00 million for the quarter, compared to the consensus estimate of $457.79 million. Ensco Plc had a negative net margin of 3.04% and a negative return on equity of 0.37%. Ensco Plc’s revenue for the quarter was down 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 EPS. equities analysts forecast that Ensco Plc will post -0.49 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be given a $0.01 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.04 annualized dividend and a yield of 0.73%. Ensco Plc’s dividend payout ratio (DPR) is -21.05%.
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A number of institutional investors have recently added to or reduced their stakes in ESV. Private Advisor Group LLC purchased a new stake in Ensco Plc in the 3rd quarter valued at about $100,000. GWM Advisors LLC purchased a new stake in Ensco Plc in the 2nd quarter valued at about $107,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Ensco Plc in the 2nd quarter valued at about $116,000. Harvest Management LLC purchased a new stake in Ensco Plc in the 3rd quarter valued at about $119,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Ensco Plc in the 3rd quarter worth approximately $121,000. 91.09% of the stock is owned by institutional investors.
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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