Ensco Plc’s (ESV) Hold Rating Reaffirmed at FBR & Co
Ensco Plc (NYSE:ESV)‘s stock had its “hold” rating reissued by equities research analysts at FBR & Co in a research note issued to investors on Thursday.
Other research analysts have also recently issued research reports about the stock. UBS AG raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $6.00 to $8.00 in a report on Monday, September 25th. Nordea Equity Research reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Ensco Plc in a report on Saturday, September 30th. Goldman Sachs Group, Inc. (The) started coverage on shares of Ensco Plc in a report on Friday, October 13th. They issued a “buy” rating and a $8.00 price objective for the company. HSBC Holdings plc started coverage on shares of Ensco Plc in a report on Thursday. They issued a “buy” rating and a $7.30 price objective for the company. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $4.75 price objective on shares of Ensco Plc in a report on Tuesday, July 11th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Ensco Plc presently has an average rating of “Hold” and a consensus price target of $8.73.
Shares of Ensco Plc (NYSE:ESV) traded down 3.40% during midday trading on Thursday, reaching $5.12. The company’s stock had a trading volume of 22,029,698 shares. Ensco Plc has a 12-month low of $4.10 and a 12-month high of $12.04. The stock has a 50-day moving average of $5.31 and a 200 day moving average of $6.04. The firm has a market capitalization of $1.56 billion, a P/E ratio of 32.00 and a beta of 1.75.
Ensco Plc (NYSE:ESV) last released its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The company had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. During the same quarter in the previous year, the company earned $2.04 earnings per share. The firm’s revenue for the quarter was down 49.7% on a year-over-year basis. Equities research analysts predict that Ensco Plc will post ($0.38) EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in ESV. BlackRock Inc. grew its stake in Ensco Plc by 10,624.9% during the 1st quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock valued at $234,173,000 after acquiring an additional 25,920,593 shares in the last quarter. FMR LLC grew its stake in Ensco Plc by 969.0% during the 1st quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock valued at $131,610,000 after acquiring an additional 13,329,369 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ensco Plc by 170.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock valued at $86,564,000 after acquiring an additional 10,568,874 shares in the last quarter. Capital Guardian Trust Co. grew its stake in Ensco Plc by 189.3% during the 2nd quarter. Capital Guardian Trust Co. now owns 10,637,145 shares of the offshore drilling services provider’s stock valued at $54,888,000 after acquiring an additional 6,960,500 shares in the last quarter. Finally, Capital International Investors grew its stake in Ensco Plc by 181.5% during the 2nd quarter. Capital International Investors now owns 10,606,503 shares of the offshore drilling services provider’s stock valued at $54,730,000 after acquiring an additional 6,838,484 shares in the last quarter. 91.56% of the stock is owned by institutional investors.
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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