ENSCO PLC (NYSE:ESV) – Equities researchers at Capital One Financial Corporation lowered their Q3 2017 EPS estimates for ENSCO PLC in a report issued on Thursday. Capital One Financial Corporation analyst J. Gibney now expects that the offshore drilling services provider will post earnings of ($0.15) per share for the quarter, down from their prior estimate of ($0.12). Capital One Financial Corporation also issued estimates for ENSCO PLC’s Q4 2017 earnings at $0.00 EPS, FY2017 earnings at ($0.29) EPS and FY2018 earnings at ($0.61) EPS.

ENSCO PLC (NYSE:ESV) last released its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The company had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. ENSCO PLC had a return on equity of 0.77% and a net margin of 2.68%. The business’s revenue for the quarter was down 49.7% on a year-over-year basis. During the same period last year, the firm earned $2.04 EPS.

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Several other brokerages also recently issued reports on ESV. BMO Capital Markets upped their price target on shares of ENSCO PLC from $4.75 to $5.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. ValuEngine downgraded shares of ENSCO PLC from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Barclays PLC reiterated a “sell” rating and set a $8.00 price target on shares of ENSCO PLC in a report on Thursday, April 27th. BidaskClub downgraded shares of ENSCO PLC from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Finally, Piper Jaffray Companies upgraded shares of ENSCO PLC from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $9.20 to $8.00 in a report on Monday, June 19th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. ENSCO PLC currently has a consensus rating of “Hold” and an average price target of $9.64.

Shares of ENSCO PLC (NYSE ESV) opened at 4.61 on Monday. ENSCO PLC has a 1-year low of $4.32 and a 1-year high of $12.04. The stock has a 50 day moving average price of $5.21 and a 200 day moving average price of $7.67. The firm has a market capitalization of $1.40 billion, a PE ratio of 28.81 and a beta of 1.64.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of ENSCO PLC by 10,624.9% in the first quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock worth $234,173,000 after buying an additional 25,920,593 shares during the period. FMR LLC boosted its stake in shares of ENSCO PLC by 969.0% in the first quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock worth $131,610,000 after buying an additional 13,329,369 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of ENSCO PLC by 170.3% in the second quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock worth $86,564,000 after buying an additional 10,568,874 shares during the period. Northern Trust Corp boosted its stake in shares of ENSCO PLC by 160.1% in the second quarter. Northern Trust Corp now owns 7,640,797 shares of the offshore drilling services provider’s stock worth $39,426,000 after buying an additional 4,703,710 shares during the period. Finally, Contrarius Investment Management Ltd boosted its stake in shares of 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 period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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

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

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