Ensco Plc Given “Market Perform” Rating at FBR Capital Markets (ESV)
Ensco Plc (NYSE:ESV)‘s stock had its “market perform” rating reissued by analysts at FBR Capital Markets in a research report issued to clients and investors on Tuesday. They currently have a $52.00 price objective on the stock, down from their previous price objective of $57.00. FBR Capital Markets’ price objective indicates a potential upside of 4.48% from the company’s current price.
ESV has been the subject of a number of other recent research reports. Analysts at Global Hunter Securities raised their price target on shares of Ensco Plc from $4.00 to $49.00 in a research note on Tuesday, August 5th. Separately, analysts at BMO Capital Markets downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research note on Monday, August 4th. They now have a $41.00 price target on the stock, down previously from $52.00. Finally, analysts at Deutsche Bank downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research note on Monday, August 4th. They now have a $41.00 price target on the stock, down previously from $52.00. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $53.53.
Ensco Plc (NYSE:ESV) traded up 0.58% during mid-day trading on Tuesday, hitting $50.06. The stock had a trading volume of 857,505 shares. Ensco Plc has a one year low of $47.85 and a one year high of $62.25. The stock has a 50-day moving average of $51.53 and a 200-day moving average of $51.66. The company’s market cap is $11.732 billion.
Ensco Plc (NYSE:ESV) last released its earnings data on Wednesday, July 30th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.26. Analysts expect that Ensco Plc will post $5.86 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Stockholders of record on Monday, September 8th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend is Thursday, September 4th.
Ensco plc (NYSE:ESV) is a provider of offshore contract drilling services to the international oil and gas industry.
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