Ensco Plc (NYSE:ESV) – Equities research analysts at Jefferies Group upped their FY2017 earnings per share estimates for Ensco in a research note issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst E. Royes now forecasts that the offshore drilling services provider will post earnings per share of ($0.45) for the year, up from their previous forecast of ($0.46). Jefferies Group currently has a “Hold” rating and a $6.00 target price on the stock. Jefferies Group also issued estimates for Ensco’s FY2019 earnings at ($0.95) EPS and FY2020 earnings at ($0.55) EPS.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Ensco from a “hold” rating to a “sell” rating in a report on Monday, October 30th. FBR & Co cut their price target on Ensco from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $6.10 price target on shares of Ensco in a report on Sunday, October 22nd. Credit Suisse Group cut Ensco from an “outperform” rating to a “neutral” rating and set a $8.00 price target on the stock. in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, ValuEngine raised Ensco from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Ensco has a consensus rating of “Hold” and an average price target of $7.52.
Ensco (NYSE:ESV) traded down $0.01 on Friday, hitting $4.96. The stock had a trading volume of 8,772,362 shares, compared to its average volume of 15,091,115. The company has a market capitalization of $2,824.05, a PE ratio of -26.11 and a beta of 1.74. 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 has a 52 week low of $4.10 and a 52 week high of $10.85.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Ensco by 45.4% during the fourth quarter. BlackRock Inc. now owns 48,257,622 shares of the offshore drilling services provider’s stock valued at $285,202,000 after acquiring an additional 15,071,031 shares during the period. Majedie Asset Management Ltd grew its position in Ensco by 182.2% in the fourth quarter. Majedie Asset Management Ltd now owns 18,008,535 shares of the offshore drilling services provider’s stock worth $106,430,000 after buying an additional 11,626,102 shares during the last quarter. Capital International Investors grew its position in Ensco by 49.1% in the third quarter. Capital International Investors now owns 15,811,810 shares of the offshore drilling services provider’s stock worth $94,397,000 after buying an additional 5,205,307 shares during the last quarter. Capital Guardian Trust Co. grew its position in Ensco by 22.9% in the third quarter. Capital Guardian Trust Co. now owns 13,074,290 shares of the offshore drilling services provider’s stock worth $78,054,000 after buying an additional 2,437,145 shares during the last quarter. Finally, State Street Corp grew its position in Ensco by 1.6% in the second quarter. State Street Corp now owns 12,112,020 shares of the offshore drilling services provider’s stock worth $62,497,000 after buying an additional 192,165 shares during the last quarter. Institutional investors and hedge funds own 62.00% of the company’s stock.
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Ensco Company Profile
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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