Cowen set a $6.00 price target on Ensco (NYSE:ESV) in a research note published on Thursday morning. The firm currently has a hold rating on the offshore drilling services provider’s stock.

A number of other analysts have also issued reports on the company. Zacks Investment Research lowered Ensco from a hold rating to a sell rating in a report on Thursday, October 12th. FBR & Co reduced their target price on Ensco from $9.00 to $6.00 and set a neutral rating for the company in a report on Friday, October 27th. Piper Jaffray Companies restated a buy rating and issued a $6.10 target price on shares of Ensco in a report on Sunday, October 22nd. Goldman Sachs Group began coverage on Ensco in a report on Friday, October 13th. They issued a buy rating and a $8.00 target price for the company. Finally, began coverage on Ensco in a report on Thursday, October 19th. They issued a buy rating and a $7.30 target price for the company. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Ensco currently has an average rating of Hold and a consensus price target of $7.91.

Shares of Ensco (NYSE ESV) traded up $0.07 during trading hours on Thursday, hitting $7.43. The stock had a trading volume of 10,601,900 shares, compared to its average volume of 15,174,322. Ensco has a one year low of $4.10 and a one year high of $12.03. The firm has a market cap of $3,240.00, a P/E ratio of -32.30 and a beta of 1.82. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.04 and a quick ratio of 5.04.

Ensco (NYSE:ESV) last announced its quarterly earnings data on Thursday, October 26th. The offshore drilling services provider reported ($0.05) EPS for the quarter, beating 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 the consensus estimate of $457.79 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The company’s quarterly revenue was down 16.1% compared to the same quarter last year. research analysts expect that Ensco will post -0.51 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Van Den Berg Management I Inc. raised its holdings in shares of Ensco by 52.5% during the third quarter. Van Den Berg Management I Inc. now owns 2,522,746 shares of the offshore drilling services provider’s stock worth $15,061,000 after acquiring an additional 868,550 shares in the last quarter. BlueMountain Capital Management LLC raised its holdings in shares of Ensco by 66.4% during the second quarter. BlueMountain Capital Management LLC now owns 799,721 shares of the offshore drilling services provider’s stock worth $4,127,000 after acquiring an additional 319,031 shares in the last quarter. Majedie Asset Management Ltd raised its holdings in shares of Ensco by 204.0% during the third quarter. Majedie Asset Management Ltd now owns 6,382,433 shares of the offshore drilling services provider’s stock worth $38,103,000 after acquiring an additional 4,282,658 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Ensco by 22.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,069,292 shares of the offshore drilling services provider’s stock worth $12,354,000 after acquiring an additional 376,450 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Ensco by 7.7% during the third quarter. New York State Common Retirement Fund now owns 1,413,100 shares of the offshore drilling services provider’s stock worth $8,436,000 after acquiring an additional 101,200 shares in the last quarter. Institutional investors and hedge funds own 76.80% of the company’s stock.

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About Ensco

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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