Ensco PLC (NYSE:ESV) – Stock analysts at KeyCorp boosted their Q3 2016 EPS estimates for shares of Ensco PLC in a note issued to investors on Friday. KeyCorp analyst R. Shoemaker now expects that the firm will earn $0.10 per share for the quarter, up from their prior forecast of $0.08. KeyCorp also issued estimates for Ensco PLC’s FY2017 earnings at $0.16 EPS.

A number of other equities analysts have also commented on the company. Jefferies Group reiterated a “hold” rating and issued a $8.00 price objective (down from $10.00) on shares of Ensco PLC in a research note on Wednesday, September 28th. Goldman Sachs Group Inc. upgraded Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research note on Wednesday, September 21st. Citigroup Inc. boosted their price target on Ensco PLC from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Clarkson Capital upgraded Ensco PLC from a “sell” rating to a “neutral” rating in a research note on Thursday, September 22nd. Finally, Howard Weil started coverage on Ensco PLC in a research note on Wednesday, September 14th. They set an “outperform” rating and a $10.00 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.61.

Earnings History and Estimates for Ensco PLC (NYSE:ESV)

Shares of Ensco PLC (NYSE:ESV) opened at 8.31 on Monday. Ensco PLC has a 52-week low of $6.50 and a 52-week high of $18.93. The company has a 50-day moving average price of $7.71 and a 200 day moving average price of $9.36. The firm’s market capitalization is $2.51 billion.

Ensco PLC (NYSE:ESV) last announced its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.51. The business had revenue of $910 million for the quarter, compared to the consensus estimate of $746.55 million. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The business’s revenue was down 14.1% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS.

Several hedge funds have recently added to or reduced their stakes in the stock. Sigma Planning Corp purchased a new stake in Ensco PLC during the second quarter worth approximately $101,000. Shoker Investment Counsel Inc. boosted its stake in Ensco PLC by 1.1% in the second quarter. Shoker Investment Counsel Inc. now owns 10,496 shares of the offshore drilling services provider’s stock worth $101,000 after buying an additional 111 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in Ensco PLC during the second quarter worth approximately $111,000. Eqis Capital Management Inc. purchased a new stake in Ensco PLC during the second quarter worth approximately $122,000. Finally, First Allied Advisory Services Inc. purchased a new stake in Ensco PLC during the second quarter worth approximately $129,000. Institutional investors and hedge funds own 85.79% of the company’s stock.

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. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.

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