Ensco Plc Stock Rating Lowered by Jefferies Group (ESV)
Ensco Plc (NYSE:ESV) opened at 50.04 on Monday. Ensco Plc has a 52-week low of $47.85 and a 52-week high of $64.14. The stock has a 50-day moving average of $50.73 and a 200-day moving average of $53.99. The company has a market cap of $11.692 billion and a P/E ratio of 8.42.
Ensco Plc (NYSE:ESV) last announced its earnings results on Tuesday, April 29th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $1.18. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $534.41 million. During the same quarter in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Ensco Plc will post $5.70 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Ensco Plc in a research note on Friday. They now have a $42.00 price target on the stock, down previously from $44.00. Separately, analysts at Nordea Equity Research downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. They now have a $46.00 price target on the stock, down previously from $53.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Ensco Plc from $66.00 to $59.00 in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, twenty have given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $56.94.
Ensco plc (NYSE:ESV) is a provider of offshore contract drilling services to the international oil and gas industry.
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