Shares of Ensco PLC (NYSE:ESV) rose 4.8% during trading on Wednesday . The company traded as high as $7.12 and last traded at $6.96, with a volume of 7,022,188 shares changing hands. The stock had previously closed at $6.64.

ESV has been the subject of a number of research reports. Bank of America Corp. initiated coverage on Ensco PLC in a research report on Monday, June 13th. They set an “underperform” rating and a $9.00 price objective for the company. Johnson Rice upgraded Ensco PLC from a “hold” rating to an “accumulate” rating in a research report on Monday, June 13th. Susquehanna upgraded Ensco PLC from a “negative” rating to a “neutral” rating in a research report on Tuesday, June 28th. Evercore ISI reiterated a “buy” rating on shares of Ensco PLC in a research report on Wednesday, June 29th. Finally, Jefferies Group reiterated a “hold” rating on shares of Ensco PLC in a research report on Sunday, July 10th. Eight research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.92.

The stock has a 50 day moving average price of $7.97 and a 200 day moving average price of $9.74. The firm’s market capitalization is $2.14 billion.

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Ensco PLC (NYSE:ESV) last posted its quarterly earnings data 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. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The company earned $910 million during the quarter, compared to analyst estimates of $746.55 million. During the same period in the previous year, the business earned $1.11 EPS. Ensco PLC’s quarterly revenue was down 14.1% on a year-over-year basis. On average, equities research analysts anticipate that Ensco PLC will post $1.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.04 annualized dividend and a yield of 0.60%. Ensco PLC’s dividend payout ratio (DPR) is currently -0.60%.

A number of large investors have recently bought and sold shares of the company. Sigma Planning Corp purchased a new stake in Ensco PLC during the second quarter valued at approximately $101,000. Shoker Investment Counsel Inc. raised 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 worth $101,000 after buying an additional 111 shares during the period. Wealthsource Partners LLC bought a new stake in Ensco PLC during the second quarter worth about $111,000. Eqis Capital Management Inc. bought a new stake in Ensco PLC during the second quarter worth about $122,000. Finally, First Allied Advisory Services Inc. bought a new stake in Ensco PLC during the second quarter worth about $129,000. Institutional investors own 85.81% of the company’s stock.

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.

5 Day Chart for NYSE:ESV

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