Somewhat Favorable News Coverage Somewhat Unlikely to Affect Ensco Plc (ESV) Stock Price
News coverage about Ensco Plc (NYSE:ESV) has trended somewhat positive on Thursday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ensco Plc earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the offshore drilling services provider an impact score of 45.9971686985583 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Ensco Plc (ESV) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Ensco plc (NYSE: ESV) – Active Stock Evaluation – Alpha Beta Stock (alphabetastock.com)
- Analysts Recommendation on Ensco Plc (ESV) – ExpertGazette (expertgazette.com)
- Ensco Plc (ESV) Sees Large Decrease in Short Interest (americanbankingnews.com)
- Ensco Earnings Show Improving Conditions For The Company And Industry (seekingalpha.com)
ESV has been the topic of a number of recent analyst reports. FBR & Co cut their price objective on Ensco Plc from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Nordea Equity Research reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Ensco Plc in a research note on Saturday, September 30th. Zacks Investment Research lowered Ensco Plc from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Deutsche Bank AG initiated coverage on Ensco Plc in a research note on Tuesday, October 10th. They issued a “hold” rating and a $6.00 price objective on the stock. Finally, ValuEngine raised Ensco Plc from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.47.
Shares of Ensco Plc (ESV) traded down $0.13 during trading on Thursday, reaching $5.39. The company had a trading volume of 10,277,579 shares, compared to its average volume of 14,840,370. Ensco Plc has a 1-year low of $4.10 and a 1-year high of $12.04. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.58.
Ensco Plc (NYSE:ESV) last announced its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.11. Ensco Plc had a negative return on equity of 0.37% and a negative net margin of 3.04%. The business had revenue of $460.00 million during the quarter, compared to the consensus estimate of $457.79 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. Ensco Plc’s revenue was down 16.1% compared to the same quarter last year. equities analysts anticipate that Ensco Plc will post -0.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.04 annualized dividend and a yield of 0.74%. Ensco Plc’s dividend payout ratio (DPR) is currently -17.39%.
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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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