FY2017 Earnings Estimate for Ensco PLC (ESV) Issued By Capital One Financial Corp.
Ensco PLC (NYSE:ESV) – Equities researchers at Capital One Financial Corp. reduced their FY2017 earnings per share estimates for shares of Ensco PLC in a note issued to investors on Wednesday. Capital One Financial Corp. analyst J. Gibney now anticipates that the brokerage will earn $0.45 per share for the year, down from their prior forecast of $0.46.
ESV has been the topic of a number of other reports. Zephirin Group upgraded Ensco PLC from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Monday, September 19th. Howard Weil reiterated a “sector outperform” rating on shares of Ensco PLC in a research note on Thursday, September 15th. BMO Capital Markets upgraded Ensco PLC from an “underperform” rating to a “market perform” rating and set a $8.00 target price on the stock in a research note on Monday, October 17th. They noted that the move was a valuation call. Citigroup Inc. lifted their price objective on Ensco PLC from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, August 25th. Finally, Scotiabank reissued a “sector outperform” rating and issued a $10.00 price objective on shares of Ensco PLC in a report on Wednesday, September 14th. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.23.
Ensco PLC (NYSE:ESV) traded down 6.04% during midday trading on Monday, reaching $7.78. 2,075,640 shares of the company traded hands. The firm has a 50-day moving average price of $8.30 and a 200-day moving average price of $8.85. Ensco PLC has a one year low of $6.50 and a one year high of $17.51. The firm’s market capitalization is $2.34 billion.
Ensco PLC (NYSE:ESV) last posted its quarterly earnings data on Wednesday, October 26th. The offshore drilling services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.15. Ensco PLC had a negative net margin of 52.28% and a positive return on equity of 8.58%. The business earned $548 million during the quarter, compared to analysts’ expectations of $541.65 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. Ensco PLC’s revenue was down 45.8% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, December 5th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. Ensco PLC’s dividend payout ratio (DPR) is presently -0.53%.
Several institutional investors have recently bought and sold shares of ESV. LS Investment Advisors LLC boosted its position in Ensco PLC by 129.7% in the second quarter. LS Investment Advisors LLC now owns 18,466 shares of the offshore drilling services provider’s stock valued at $179,000 after buying an additional 10,426 shares during the period. IBM Retirement Fund boosted its stake in shares of Ensco PLC by 29.5% in the second quarter. IBM Retirement Fund now owns 30,461 shares of the offshore drilling services provider’s stock valued at $296,000 after buying an additional 6,936 shares during the last quarter. Hartford Investment Management Co. purchased a new stake in shares of Ensco PLC during the second quarter valued at $190,000. First Quadrant L P CA purchased a new stake in shares of Ensco PLC during the second quarter valued at $220,000. Finally, Fox Run Management L.L.C. boosted its stake in shares of Ensco PLC by 40.3% in the second quarter. Fox Run Management L.L.C. now owns 18,800 shares of the offshore drilling services provider’s stock valued at $183,000 after buying an additional 5,400 shares during the last quarter. 87.81% of the stock is currently owned by hedge funds and other institutional investors.
Ensco PLC Company Profile
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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