Ensco PLC (NYSE:ESV) – Capital One Financial Corp. increased their Q3 2016 earnings per share (EPS) estimates for Ensco PLC in a note issued to investors on Friday. Capital One Financial Corp. analyst L. Lemoine now forecasts that the firm will post earnings per share of $0.11 for the quarter, up from their previous forecast of $0.06. Capital One Financial Corp. also issued estimates for Ensco PLC’s FY2016 earnings at $1.26 EPS.

ESV has been the subject of several other research reports. Nomura set a $6.00 price target on shares of Ensco PLC and gave the company a “sell” rating in a research note on Tuesday, August 16th. Scotia Howard Weill initiated coverage on shares of Ensco PLC in a report on Wednesday, September 14th. They set an “outperform” rating and a $10.00 price objective on the stock. BMO Capital Markets raised shares of Ensco PLC from an “underperform” rating to a “market perform” rating and set a $8.00 price objective on the stock in a report on Monday. They noted that the move was a valuation call. Credit Suisse Group AG reissued a “hold” rating and set a $10.00 price objective on shares of Ensco PLC in a report on Friday, July 29th. Finally, Jefferies Group reissued a “hold” rating and set a $8.00 price objective (down from $10.00) on shares of Ensco PLC in a report on Wednesday, September 28th. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.61.

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

Ensco PLC (NYSE:ESV) opened at 8.47 on Monday. Ensco PLC has a 12-month low of $6.50 and a 12-month high of $18.93. The company’s market capitalization is $2.55 billion. The stock’s 50 day moving average price is $7.72 and its 200 day moving average price is $9.35.

Ensco PLC (NYSE:ESV) last released its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.51. The firm had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The company’s revenue was down 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.11 EPS.

Institutional investors have recently added to or reduced their stakes in the company. Shoker Investment Counsel Inc. raised its position 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 valued at $101,000 after buying an additional 111 shares in the last quarter. Messner & Smith Theme Value Investment Management Ltd. CA raised its position in shares of Ensco PLC by 2.4% in the second quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 21,524 shares of the offshore drilling services provider’s stock worth $209,000 after buying an additional 500 shares in the last quarter. Creative Planning raised its position in shares of Ensco PLC by 4.0% in the second quarter. Creative Planning now owns 14,783 shares of the offshore drilling services provider’s stock worth $144,000 after buying an additional 572 shares in the last quarter. Selway Asset Management raised its position in shares of Ensco PLC by 0.6% in the second quarter. Selway Asset Management now owns 93,663 shares of the offshore drilling services provider’s stock worth $909,000 after buying an additional 600 shares in the last quarter. Finally, CWM LLC raised its position in shares of Ensco PLC by 1.6% in the second quarter. CWM LLC now owns 72,520 shares of the offshore drilling services provider’s stock worth $704,000 after buying an additional 1,147 shares in the last quarter. 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.

5 Day Chart for NYSE:ESV

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