Shares of Ensco Plc (NYSE:ESV) have been given an average recommendation of “Hold” by the twenty-four analysts that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $8.49.

Several analysts have recently commented on the company. B. Riley reiterated a “neutral” rating on shares of Ensco in a report on Wednesday, November 1st. Goldman Sachs Group assumed coverage on Ensco in a report on Friday, October 13th. They set a “buy” rating and a $8.00 price objective for the company. ValuEngine lowered Ensco from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. UBS upgraded Ensco from a “neutral” rating to a “buy” rating and increased their price objective for the company from $6.00 to $8.00 in a report on Monday, September 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $6.10 price objective on shares of Ensco in a report on Sunday, October 22nd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Ensco by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,676 shares of the offshore drilling services provider’s stock valued at $246,000 after acquiring an additional 143 shares during the period. Comerica Bank increased its position in shares of Ensco by 0.3% in the 2nd quarter. Comerica Bank now owns 259,039 shares of the offshore drilling services provider’s stock valued at $1,386,000 after acquiring an additional 764 shares during the period. Teacher Retirement System of Texas increased its position in shares of Ensco by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 25,029 shares of the offshore drilling services provider’s stock valued at $129,000 after acquiring an additional 937 shares during the period. Arizona State Retirement System increased its position in shares of Ensco by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 128,000 shares of the offshore drilling services provider’s stock valued at $660,000 after acquiring an additional 1,900 shares during the period. Finally, Texas Permanent School Fund increased its position in shares of Ensco by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 221,659 shares of the offshore drilling services provider’s stock valued at $1,144,000 after acquiring an additional 2,250 shares during the period. 76.88% of the stock is currently owned by hedge funds and other institutional investors.

Ensco (NYSE:ESV) traded down $0.32 during trading on Monday, reaching $5.26. The company’s stock had a trading volume of 13,581,909 shares, compared to its average volume of 14,572,271. 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 has a one year low of $4.10 and a one year high of $12.04.

Ensco (NYSE:ESV) last posted its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.11. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. The company had revenue of $460.00 million during the quarter, compared to analyst estimates of $457.79 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Ensco’s revenue was down 16.1% on a year-over-year basis. analysts anticipate that Ensco will post -0.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, December 1st. Ensco’s payout ratio is -21.05%.

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Ensco 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.

Analyst Recommendations for Ensco (NYSE:ESV)

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