Ensco Plc VP Sells $252,555 in Stock (ESV)
Ensco Plc (NYSE:ESV) VP Steven Joseph Brady sold 4,869 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $51.87, for a total transaction of $252,555.03. Following the completion of the sale, the vice president now directly owns 53,609 shares in the company, valued at approximately $2,780,699. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $56.89.
Ensco Plc (NYSE:ESV) traded up 0.75% during mid-day trading on Tuesday, hitting $52.47. 2,161,415 shares of the company’s stock traded hands. Ensco Plc has a 52-week low of $47.85 and a 52-week high of $62.25. The stock’s 50-day moving average is $51.13 and its 200-day moving average is $52.99. The company has a market cap of $12.260 billion and a price-to-earnings ratio of 8.74.
Ensco Plc (NYSE:ESV) last released its earnings data 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. Analysts expect that Ensco Plc will post $5.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Investors 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 5.72%. The ex-dividend date 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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