Ensco Plc Receives Average Rating of “Hold” from Brokerages (NYSE:ESV)
Shares of Ensco Plc (NYSE:ESV) have received an average recommendation of “Hold” from the twenty-four brokerages that are currently covering the stock, Analyst Ratings Network reports. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $53.53.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets reiterated a “market perform” rating on shares of Ensco Plc in a research note on Tuesday. They now have a $52.00 price target on the stock, down previously from $57.00. Separately, 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. Finally, 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.
Shares of Ensco Plc (NYSE:ESV) opened at 49.75 on Monday. Ensco Plc has a 1-year low of $47.85 and a 1-year high of $62.25. The stock’s 50-day moving average is $51.28 and its 200-day moving average is $51.63. The company’s market cap is $11.659 billion.
Ensco Plc (NYSE:ESV) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.32 by $0.26. On average, analysts predict that Ensco Plc will post $5.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors 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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