Ensco Plc (NYSE:ESV) – Research analysts at Jefferies Financial Group increased their Q2 2018 earnings estimates for shares of Ensco in a note issued to investors on Thursday, June 21st. Jefferies Financial Group analyst E. Royes now expects that the offshore drilling services provider will earn ($0.33) per share for the quarter, up from their prior estimate of ($0.34). Jefferies Financial Group also issued estimates for Ensco’s Q3 2018 earnings at ($0.33) EPS, Q4 2018 earnings at ($0.42) EPS, FY2018 earnings at ($1.40) EPS, FY2019 earnings at ($1.00) EPS, FY2020 earnings at ($0.70) EPS and FY2021 earnings at ($0.05) EPS.
ESV has been the topic of several other reports. HSBC lowered shares of Ensco from a “buy” rating to a “hold” rating and boosted their price objective for the company from $6.49 to $7.00 in a report on Thursday, June 7th. ValuEngine upgraded shares of Ensco from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. Wells Fargo & Co cut their price target on shares of Ensco from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 28th. Citigroup boosted their price target on shares of Ensco from $5.25 to $6.40 and gave the stock a “neutral” rating in a research note on Thursday, June 21st. Finally, Zacks Investment Research upgraded shares of Ensco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.48.
Shares of ESV opened at $6.28 on Monday. The stock has a market capitalization of $2.78 billion, a P/E ratio of -12.08 and a beta of 1.81. Ensco has a 12-month low of $4.10 and a 12-month high of $7.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.75 and a current ratio of 2.75.
Ensco (NYSE:ESV) last issued its quarterly earnings data on Thursday, April 26th. The offshore drilling services provider reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.05). The company had revenue of $417.00 million during the quarter, compared to analysts’ expectations of $420.58 million. Ensco had a negative net margin of 23.37% and a negative return on equity of 3.35%. The firm’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Monday, June 4th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Friday, June 1st. Ensco’s dividend payout ratio is presently -7.69%.
Institutional investors have recently made changes to their positions in the company. Investors Research Corp acquired a new position in shares of Ensco during the fourth quarter worth about $128,000. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Ensco during the fourth quarter worth about $136,000. Private Advisor Group LLC grew its position in shares of Ensco by 78.5% during the first quarter. Private Advisor Group LLC now owns 23,717 shares of the offshore drilling services provider’s stock worth $103,000 after buying an additional 10,430 shares in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Ensco during the fourth quarter worth about $141,000. Finally, Zeke Capital Advisors LLC acquired a new position in Ensco in the fourth quarter valued at approximately $142,000. 96.91% of the stock is owned by institutional investors and hedge funds.
Ensco Company Profile
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.
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