Ensco Plc (ESV) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Ensco Plc (NYSE:ESV) have received an average recommendation of “Hold” from the twenty-two ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.23.
Several research analysts recently issued reports on the company. ValuEngine upgraded Ensco Plc from a “sell” rating to a “hold” rating in a research report on Friday. BMO Capital Markets lifted their price objective on Ensco Plc from $4.75 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and set a $6.00 price objective (down from $9.00) on shares of Ensco Plc in a research report on Tuesday, July 18th. Seaport Global Securities restated a “sell” rating on shares of Ensco Plc in a research report on Wednesday, July 12th. Finally, Bank of America Corporation downgraded Ensco Plc from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $7.00 to $5.00 in a research report on Friday, June 30th.
Ensco Plc (NYSE:ESV) traded up 6.59% during midday trading on Friday, hitting $4.53. The stock had a trading volume of 14,319,859 shares. Ensco Plc has a 12-month low of $4.10 and a 12-month high of $12.04. The firm has a market cap of $1.38 billion, a P/E ratio of 28.31 and a beta of 1.66. The stock has a 50-day moving average price of $4.86 and a 200 day moving average price of $6.97.
Ensco Plc (NYSE:ESV) last issued its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $453.48 million. During the same period in the previous year, the firm posted $2.04 EPS. The company’s quarterly revenue was down 49.7% compared to the same quarter last year. On average, equities analysts anticipate that Ensco Plc will post ($0.36) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Monday, September 11th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.88%. Ensco Plc’s dividend payout ratio is presently 23.53%.
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Several hedge funds have recently made changes to their positions in the stock. ZWJ Investment Counsel Inc. boosted its stake in shares of Ensco Plc by 1.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 11,635 shares of the offshore drilling services provider’s stock valued at $104,000 after buying an additional 180 shares in the last quarter. Creative Planning boosted its stake in shares of Ensco Plc by 4.8% in the first quarter. Creative Planning now owns 13,135 shares of the offshore drilling services provider’s stock valued at $118,000 after buying an additional 601 shares in the last quarter. Tyers Asset Management LLC boosted its stake in shares of Ensco Plc by 2.7% in the first quarter. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider’s stock valued at $123,000 after buying an additional 364 shares in the last quarter. HRT Financial LLC bought a new stake in shares of Ensco Plc during the first quarter valued at about $126,000. Finally, First Manhattan Co. boosted its stake in shares of Ensco Plc by 72.6% in the first quarter. First Manhattan Co. now owns 14,260 shares of the offshore drilling services provider’s stock valued at $121,000 after buying an additional 6,000 shares in the last quarter. 91.56% of the stock is owned by 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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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