An issue of Ensco plc (NYSE:ESV) bonds fell 2.1% as a percentage of their face value during trading on Friday. The debt issue has a 5.2% coupon and is set to mature on March 15, 2025. The debt is now trading at $83.44 and was trading at $85.75 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its stock price.

ESV has been the subject of several recent analyst reports. Credit Suisse Group raised Ensco from a “neutral” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Friday, April 13th. Jefferies Group set a $6.00 price objective on Ensco and gave the stock a “hold” rating in a report on Thursday, January 4th. Cowen set a $6.00 price objective on Ensco and gave the stock a “hold” rating in a report on Thursday, January 11th. Susquehanna Bancshares set a $7.00 target price on Ensco and gave the stock a “hold” rating in a research note on Friday, January 12th. Finally, Zacks Investment Research raised Ensco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Ensco has a consensus rating of “Hold” and a consensus target price of $6.61.

Shares of ESV stock opened at $5.98 on Friday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.54. Ensco plc has a fifty-two week low of $4.10 and a fifty-two week high of $8.75. The company has a market capitalization of $2,607.33, a price-to-earnings ratio of -11.50 and a beta of 1.82.

Ensco (NYSE:ESV) last announced its quarterly earnings data on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.03. Ensco had a negative return on equity of 1.86% and a negative net margin of 16.48%. The firm had revenue of $454.00 million during the quarter, compared to the consensus estimate of $453.21 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s revenue was down 10.1% on a year-over-year basis. equities analysts predict that Ensco plc will post -0.99 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Bedel Financial Consulting Inc. bought a new stake in Ensco in the fourth quarter valued at approximately $100,000. ARGA Investment Management LP bought a new stake in Ensco in the fourth quarter valued at approximately $113,000. Investors Research Corp bought a new stake in Ensco in the fourth quarter valued at approximately $128,000. Amundi Pioneer Asset Management Inc. bought a new stake in Ensco in the fourth quarter valued at approximately $136,000. Finally, Two Sigma Securities LLC bought a new stake in Ensco in the fourth quarter valued at approximately $141,000. Hedge funds and other institutional investors own 92.16% of the company’s stock.

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Ensco Company Profile

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.

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