Insider Selling: Daniel Wayne Rabun Unloads 50,000 Shares of Ensco Plc Stock (ESV)
Ensco Plc (NYSE:ESV) Chairman Daniel Wayne Rabun unloaded 50,000 shares of the stock on the open market in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $51.58, for a total transaction of $2,579,000.00. Following the completion of the sale, the chairman now directly owns 252,129 shares of the company’s stock, valued at approximately $13,004,814. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ESV has been the subject of a number of recent research reports. Analysts at ING Group upgraded shares of Ensco Plc from a “hold” rating to a “buy” rating in a research note on Monday. Separately, analysts at TheStreet upgraded shares of Ensco Plc from a “hold” rating to a “buy” rating in a research note on Monday. Finally, analysts at Jefferies Group downgraded shares of Ensco Plc from a “buy” rating to a “hold” rating in a research note on Monday, May 19th. They now have a $56.00 price target on the stock, down previously from $58.00. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.89.
Shares of Ensco Plc (NYSE:ESV) traded up 1.01% during mid-day trading on Tuesday, hitting $51.87. The stock had a trading volume of 2,433,941 shares. Ensco Plc has a 52 week low of $47.85 and a 52 week high of $62.59. The stock has a 50-day moving average of $50.52 and a 200-day moving average of $53.5. The company has a market cap of $12.119 billion and a P/E ratio of 8.61.
Ensco Plc (NYSE:ESV) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Analysts expect that Ensco Plc will post $5.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Monday, June 9th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend is Thursday, June 5th.
Ensco plc (NYSE:ESV) is a provider of offshore contract drilling services to the international oil and gas industry.
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