Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Ensco Plc (ESV) Stock Price
Media headlines about Ensco Plc (NYSE:ESV) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ensco Plc earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave press coverage about the offshore drilling services provider an impact score of 46.5454715059989 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- These 3 Stocks Have Gotten Sliced in Half This Year (finance.yahoo.com)
- Seadrill Stock Rose 43% Last Week (finance.yahoo.com)
- Precision Drilling Corporation (PDS) vs. Ensco Plc (ESV) Critical Comparison (americanbankingnews.com)
- Year Earning Growth of ENSCO plc (NYSE:ESV) is reported at 0 (topactu.net)
- What Do The Technicals Boil Down To For Ensco PLC (ESV)? – Financial News Review (finnewsreview.com)
Several research analysts have commented on ESV shares. BidaskClub raised shares of Ensco Plc from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Bank of America Corporation cut shares of Ensco Plc from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $7.00 to $5.00 in a research report on Friday, June 30th. ValuEngine cut shares of Ensco Plc from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Jefferies Group LLC set a $9.00 target price on shares of Ensco Plc and gave the company a “hold” rating in a research report on Wednesday, May 24th. Finally, Seaport Global Securities upgraded shares of Ensco Plc from a “sell” rating to a “neutral” rating and set a $6.50 target price on the stock in a research report on Wednesday, May 31st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. Ensco Plc presently has an average rating of “Hold” and an average price target of $9.85.
Ensco Plc (ESV) traded up 2.02% during trading on Monday, hitting $4.54. 8,402,550 shares of the stock were exchanged. Ensco Plc has a 12 month low of $4.10 and a 12 month high of $12.04. The stock’s 50 day moving average price is $4.73 and its 200 day moving average price is $6.74. The stock has a market cap of $1.38 billion, a P/E ratio of 28.38 and a beta of 1.65.
Ensco Plc (NYSE:ESV) last announced its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The firm had revenue of $457.50 million for the quarter, compared to the consensus estimate of $453.48 million. During the same period in the prior year, the firm earned $2.04 EPS. The firm’s revenue for the quarter was down 49.7% on a year-over-year basis. Analysts forecast that Ensco Plc will post ($0.38) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Monday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.90%. The ex-dividend date is Friday, September 8th. Ensco Plc’s dividend payout ratio (DPR) is presently 23.53%.
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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.
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