Q3 2016 EPS Estimates for Ensco PLC Boosted by Analyst (ESV)
Ensco PLC (NYSE:ESV) – KeyCorp raised their Q3 2016 earnings per share estimates for shares of Ensco PLC in a note issued to investors on Friday. KeyCorp analyst R. Shoemaker now forecasts that the firm will earn $0.10 per share for the quarter, up from their previous estimate of $0.08. KeyCorp also issued estimates for Ensco PLC’s FY2017 earnings at $0.16 EPS.
ESV has been the topic of several other reports. Nomura set a $6.00 price objective on shares of Ensco PLC and gave the company a “sell” rating in a report on Tuesday, August 16th. Scotia Howard Weill assumed coverage on shares of Ensco PLC in a report on Wednesday, September 14th. They issued an “outperform” rating and a $10.00 price objective on the stock. Bank of America Corp. assumed coverage on shares of Ensco PLC in a report on Sunday, June 19th. They issued an “underperform” rating and a $10.53 price objective on the stock. Credit Suisse Group AG restated a “hold” rating and issued a $10.00 price objective on shares of Ensco PLC in a report on Friday, July 29th. Finally, Jefferies Group restated a “hold” rating and issued a $8.00 price objective (down from $10.00) on shares of Ensco PLC in a report on Wednesday, September 28th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ensco PLC has an average rating of “Hold” and a consensus target price of $11.77.
Ensco PLC (NYSE:ESV) opened at 8.30 on Monday. The stock’s 50 day moving average is $7.69 and its 200 day moving average is $9.39. The stock’s market capitalization is $2.50 billion. Ensco PLC has a 12-month low of $6.50 and a 12-month high of $18.93.
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Ensco PLC (NYSE:ESV) last posted its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $0.53 by $1.51. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The business had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. During the same period in the previous year, the company posted $1.11 EPS. Ensco PLC’s revenue was down 14.1% on a year-over-year basis.
Large investors have recently modified their holdings of the company. BlackRock Fund Advisors boosted its stake in shares of Ensco PLC by 28.8% in the first quarter. BlackRock Fund Advisors now owns 8,442,218 shares of the offshore drilling services provider’s stock worth $87,546,000 after buying an additional 1,888,452 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Ensco PLC by 10.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,147,391 shares of the offshore drilling services provider’s stock worth $74,118,000 after buying an additional 695,022 shares during the last quarter. Advisor Partners LLC acquired a new stake in Ensco PLC during the first quarter worth $139,000. Willis Investment Counsel increased its stake in Ensco PLC by 40.4% in the first quarter. Willis Investment Counsel now owns 320,548 shares of the offshore drilling services provider’s stock worth $3,324,000 after buying an additional 92,173 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Ensco PLC by 33.8% in the first quarter. Canada Pension Plan Investment Board now owns 160,410 shares of the offshore drilling services provider’s stock worth $1,663,000 after buying an additional 40,500 shares during the last quarter. Institutional investors own 85.87% of the company’s stock.
About Ensco PLC
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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