Ensco PLC (ESV) Upgraded at Clarkson Capital
Ensco PLC (NYSE:ESV) was upgraded by investment analysts at Clarkson Capital from a “sell” rating to a “neutral” rating in a report issued on Thursday.
ESV has been the topic of a number of other research reports. Howard Weil reiterated a “sector outperform” rating on shares of Ensco PLC in a research report on Thursday, September 15th. Zephirin Group upgraded Ensco PLC from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Monday. Citigroup Inc. increased 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 downgraded Ensco PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Scotiabank reiterated a “sector outperform” rating and set a $10.00 price target on shares of Ensco PLC in a research report on Wednesday, September 14th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $11.92.
Ensco PLC (NYSE:ESV) opened at 7.09 on Thursday. The stock’s 50 day moving average price is $7.93 and its 200 day moving average price is $9.72. Ensco PLC has a 52-week low of $6.50 and a 52-week high of $18.93. The company’s market cap is $2.14 billion.
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Ensco PLC (NYSE:ESV) last issued its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.51. The company had revenue of $910 million for the quarter, compared to the consensus estimate of $746.55 million. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. Ensco PLC’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. Analysts expect that Ensco PLC will post $1.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.56%. Ensco PLC’s payout ratio is presently -0.60%.
Several large investors have recently modified their holdings of ESV. Sigma Planning Corp purchased a new stake in shares of Ensco PLC during the second quarter worth $101,000. Shoker Investment Counsel Inc. boosted its stake in shares of 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 last quarter. Wealthsource Partners LLC purchased a new stake in shares of Ensco PLC during the second quarter worth $111,000. Eqis Capital Management Inc. purchased a new stake in shares of Ensco PLC during the second quarter worth $122,000. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Ensco PLC during the second quarter worth $129,000. 85.81% of the stock is owned by institutional investors and hedge funds.
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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