Q2 2017 EPS Estimates for Ensco PLC Decreased by Analyst (ESV)
Ensco PLC (NYSE:ESV) – Equities researchers at Seaport Global Securities lowered their Q2 2017 earnings per share (EPS) estimates for shares of Ensco PLC in a research report issued on Friday. Seaport Global Securities analyst M. Brown now anticipates that the firm will earn $0.12 per share for the quarter, down from their prior forecast of $0.13. Seaport Global Securities also issued estimates for Ensco PLC’s Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.02 EPS and FY2017 earnings at $0.44 EPS.
Other research analysts also recently issued research reports about the stock. Jefferies Group reiterated a “hold” rating on shares of Ensco PLC in a research report on Sunday, July 10th. Zacks Investment Research upgraded shares of Ensco PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Evercore ISI reiterated a “buy” rating on shares of Ensco PLC in a research report on Thursday, September 22nd. Clarkson Capital upgraded shares of Ensco PLC from a “sell” rating to a “neutral” rating in a research report on Thursday, September 22nd. Finally, Credit Suisse Group AG reiterated a “hold” rating and set a $10.00 target price on shares of Ensco PLC in a research report on Friday, July 29th. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $11.61.
Shares of Ensco PLC (NYSE:ESV) traded up 2.302% on Monday, hitting $8.665. 953,446 shares of the stock were exchanged. Ensco PLC has a 1-year low of $6.50 and a 1-year high of $18.93. The stock’s market cap is $2.61 billion. The stock’s 50-day moving average is $7.72 and its 200-day moving average is $9.35.
Ensco PLC (NYSE:ESV) last announced its quarterly earnings data on Wednesday, July 27th. The offshore drilling services provider reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.51. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The company earned $910 million during the quarter, compared to the consensus estimate of $746.55 million. During the same quarter last year, the firm posted $1.11 EPS. The company’s quarterly revenue was down 14.1% on a year-over-year basis.
Several large investors have recently made changes to their positions in ESV. Sigma Planning Corp bought a new stake in shares of Ensco PLC during the second quarter worth $101,000. Shoker Investment Counsel Inc. increased its stake in shares of 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 bought a new stake in shares of Ensco PLC during the second quarter worth $111,000. Eqis Capital Management Inc. bought a new stake in shares of Ensco PLC during the second quarter worth $122,000. Finally, First Allied Advisory Services Inc. bought a new stake in shares of Ensco PLC during the second quarter worth $129,000. 85.79% of the stock is currently owned by hedge funds and other 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. 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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