Ensco Plc (NYSE:ESV) has been assigned a consensus rating of “Hold” from the twenty-four analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $7.19.
Several research firms have recently commented on ESV. Cowen set a $6.00 price target on shares of Ensco and gave the company a “hold” rating in a report on Thursday, January 11th. Susquehanna Bancshares set a $7.00 price target on shares of Ensco and gave the company a “hold” rating in a report on Friday, January 12th. Piper Jaffray Companies lowered shares of Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 price target for the company. in a report on Thursday, January 11th. Credit Suisse Group lowered shares of Ensco from an “outperform” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Ensco from a “hold” rating to a “sell” rating in a research note on Monday, January 8th.
Large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. raised its position in shares of Ensco by 46.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 33,031 shares of the offshore drilling services provider’s stock valued at $197,000 after buying an additional 10,493 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Ensco in the third quarter valued at about $121,000. New York State Common Retirement Fund grew its holdings in shares of Ensco by 7.7% in the third quarter. New York State Common Retirement Fund now owns 1,413,100 shares of the offshore drilling services provider’s stock valued at $8,436,000 after purchasing an additional 101,200 shares during the period. Van ECK Associates Corp grew its holdings in shares of Ensco by 16.3% in the third quarter. Van ECK Associates Corp now owns 5,222,932 shares of the offshore drilling services provider’s stock valued at $31,181,000 after purchasing an additional 733,947 shares during the period. Finally, Majedie Asset Management Ltd grew its holdings in shares of Ensco by 204.0% in the third quarter. Majedie Asset Management Ltd now owns 6,382,433 shares of the offshore drilling services provider’s stock valued at $38,103,000 after purchasing an additional 4,282,658 shares during the period. Institutional investors own 92.15% of the company’s stock.
Shares of ESV stock traded up $0.36 on Wednesday, reaching $4.97. 11,695,556 shares of the company were exchanged, compared to its average volume of 13,888,653. Ensco has a one year low of $4.10 and a one year high of $9.50. The company has a market cap of $2,001.28, a price-to-earnings ratio of -6.04 and a beta of 1.88. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.54.
Ensco (NYSE:ESV) last announced its quarterly earnings data on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. Ensco had a negative net margin of 16.48% and a negative return on equity of 1.86%. The company had revenue of $454.00 million during the quarter, compared to analyst estimates of $453.21 million. During the same quarter last year, the business posted $0.10 EPS. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. equities analysts predict that Ensco will post -0.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Friday, March 2nd. Ensco’s dividend payout ratio is presently -4.94%.
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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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