Ensco PLC (ESV) Sets New 12-Month Low at $6.50
Shares of Ensco PLC (NYSE:ESV) reached a new 52-week low on Tuesday . The company traded as low as $6.50 and last traded at $6.68, with a volume of 4,352,891 shares traded. The stock had previously closed at $6.74.
ESV has been the subject of a number of research reports. Howard Weil reaffirmed a “sector outperform” rating on shares of Ensco PLC in a research report on Thursday, September 15th. Zephirin Group raised Ensco PLC from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Monday. Citigroup Inc. lifted their price target on Ensco PLC from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, August 25th. DNB Markets cut Ensco PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Scotiabank reaffirmed a “sector outperform” rating and set a $10.00 price target on shares of Ensco PLC in a research report on Wednesday, September 14th. Eight analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $11.92.
The company’s 50-day moving average price is $8.02 and its 200-day moving average price is $9.78. The firm’s market cap is $2.00 billion.
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Ensco PLC (NYSE:ESV) last posted its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $1.51. The company earned $910 million during the quarter, compared to the consensus estimate of $746.55 million. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 earnings per share. On average, equities analysts anticipate that Ensco PLC will post $1.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Wednesday, August 31st. Ensco PLC’s dividend payout ratio is -0.60%.
Hedge funds have recently bought and sold shares of the company. Sigma Planning Corp acquired a new stake in Ensco PLC during the second quarter valued at approximately $101,000. Shoker Investment Counsel Inc. increased its stake in Ensco PLC by 1.1% in the second quarter. Shoker Investment Counsel Inc. now owns 10,496 shares of the offshore drilling services provider’s stock valued at $101,000 after buying an additional 111 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in Ensco PLC during the second quarter valued at about $111,000. Eqis Capital Management Inc. purchased a new stake in Ensco PLC during the second quarter valued at about $122,000. Finally, First Allied Advisory Services Inc. purchased a new stake in Ensco PLC during the second quarter valued at about $129,000. 85.81% of the stock is owned by institutional investors.
Ensco PLC Company Profile
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.
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