Seaport Global Securities reissued their sell rating on shares of ENSCO PLC (NYSE:ESV) in a research report report published on Wednesday, July 12th. Seaport Global Securities also issued estimates for ENSCO PLC’s Q2 2017 earnings at ($0.11) EPS, Q3 2017 earnings at ($0.03) EPS, Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.21) EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.18) EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.46) EPS, Q1 2019 earnings at ($0.18) EPS, Q2 2019 earnings at ($0.19) EPS and FY2019 earnings at ($0.79) EPS.

ESV has been the topic of a number of other reports. Barclays PLC restated a sell rating and issued a $8.00 price target on shares of ENSCO PLC in a report on Thursday, April 27th. BidaskClub upgraded ENSCO PLC from a strong sell rating to a sell rating in a report on Wednesday, June 14th. Bank of America Corporation lowered ENSCO PLC from a neutral rating to an underperform rating and cut their price target for the company from $7.00 to $5.00 in a report on Friday, June 30th. Jefferies Group LLC set a $9.00 target price on ENSCO PLC and gave the stock a hold rating in a report on Wednesday, May 24th. Finally, ValuEngine lowered ENSCO PLC from a hold rating to a sell rating in a report on Wednesday, July 12th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $9.64.

Shares of ENSCO PLC (NYSE ESV) opened at 4.83 on Wednesday. The firm has a market cap of $1.47 billion, a P/E ratio of 30.19 and a beta of 1.64. The firm has a 50-day moving average price of $5.31 and a 200-day moving average price of $7.90. ENSCO PLC has a 12-month low of $4.71 and a 12-month high of $12.04.

ENSCO PLC (NYSE:ESV) last posted its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. ENSCO PLC had a return on equity of 0.77% and a net margin of 2.68%. The company’s revenue for the quarter was down 49.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 earnings per share. On average, equities research analysts expect that ENSCO PLC will post ($0.37) earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of ESV. Principal Financial Group Inc. increased its stake in ENSCO PLC by 4.8% in the second quarter. Principal Financial Group Inc. now owns 1,297,529 shares of the offshore drilling services provider’s stock worth $6,696,000 after buying an additional 58,893 shares during the last quarter. Contrarius Investment Management Ltd increased its stake in ENSCO PLC by 114.5% in the second quarter. Contrarius Investment Management Ltd now owns 7,638,005 shares of the offshore drilling services provider’s stock worth $39,412,000 after buying an additional 4,077,861 shares during the last quarter. Leucadia National Corp bought a new stake in ENSCO PLC during the second quarter worth $1,084,000. Virginia Retirement Systems ET AL increased its stake in ENSCO PLC by 27.0% in the second quarter. Virginia Retirement Systems ET AL now owns 154,719 shares of the offshore drilling services provider’s stock worth $798,000 after buying an additional 32,900 shares during the last quarter. Finally, Hourglass Capital LLC increased its stake in ENSCO PLC by 39.9% in the second quarter. Hourglass Capital LLC now owns 273,500 shares of the offshore drilling services provider’s stock worth $1,411,000 after buying an additional 78,000 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.

Analyst Recommendations for ENSCO PLC (NYSE:ESV)

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