Insider Selling: John Stokes Knowlton Sells 7,500 Shares of Ensco Plc Stock (ESV)
Ensco Plc (NYSE:ESV) VP John Stokes Knowlton sold 7,500 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $53.40, for a total value of $400,500.00. Following the transaction, the vice president now directly owns 37,568 shares of the company’s stock, valued at approximately $2,006,131. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Ensco Plc (NYSE:ESV) traded down 0.97% on Thursday, hitting $51.80. The stock had a trading volume of 3,687,971 shares. Ensco Plc has a one year low of $47.85 and a one year high of $62.25. The stock’s 50-day moving average is $51.0 and its 200-day moving average is $53.19. The company has a market cap of $12.103 billion and a price-to-earnings ratio of 8.77.
Ensco Plc (NYSE:ESV) last posted its quarterly 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 $5.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Thursday, June 5th.
A number of research firms have recently commented on ESV. Analysts at TheStreet upgraded shares of Ensco Plc from a “hold” rating to a “buy” rating in a research note on Monday, May 26th. Separately, 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. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Ensco Plc in a research note on Friday, May 16th. They now have a $42.00 price target on the stock, down previously from $44.00. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.89.
Ensco plc (NYSE:ESV) is a provider of offshore contract drilling services to the international oil and gas industry.
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