ENSCO PLC (ESV) Plans Quarterly Dividend of $0.01
ENSCO PLC (NYSE:ESV) declared a quarterly dividend on Tuesday, August 29th, RTT News reports. Investors of record on Monday, September 11th will be paid a dividend of 0.01 per share by the offshore drilling services provider on Friday, September 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, September 8th.
ENSCO PLC has decreased its dividend by an average of 76.3% per year over the last three years. ENSCO PLC has a dividend payout ratio of -10.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect ENSCO PLC to earn ($0.87) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -4.6%.
ENSCO PLC (NYSE:ESV) opened at 4.60 on Wednesday. ENSCO PLC has a 12 month low of $4.10 and a 12 month high of $12.04. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 28.75 and a beta of 1.64. The company has a 50-day moving average of $4.94 and a 200-day moving average of $7.18.
ENSCO PLC (NYSE:ESV) last posted its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $453.48 million. ENSCO PLC had a return on equity of 0.77% and a net margin of 2.68%. The business’s quarterly revenue was down 49.7% on a year-over-year basis. During the same period last year, the company earned $2.04 earnings per share. Analysts predict that ENSCO PLC will post ($0.36) EPS for the current year.
Several research firms have commented on ESV. ValuEngine downgraded ENSCO PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BMO Capital Markets increased their price target on ENSCO PLC from $4.75 to $5.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Jefferies Group LLC reissued a “hold” rating and issued a $6.00 price target (down previously from $9.00) on shares of ENSCO PLC in a research note on Tuesday, July 18th. Seaport Global Securities reissued a “sell” rating on shares of ENSCO PLC in a research note on Wednesday, July 12th. Finally, Bank of America Corporation cut ENSCO PLC from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $7.00 to $5.00 in a research note on Friday, June 30th. Five investment 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 company has a consensus rating of “Hold” and an average target price of $9.85.
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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.
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