Ensco Plc (ESV) Given Average Recommendation of “Hold” by Analysts
Ensco Plc (NYSE:ESV) has been given a consensus recommendation of “Hold” by the twenty-three brokerages that are presently covering the firm. Three equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $11.39.
Several equities analysts have recently issued reports on ESV shares. Capital One Financial Corp. raised Ensco Plc from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 24th. Evercore ISI lifted their price target on Ensco Plc from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Jefferies Group LLC lowered their price target on Ensco Plc from $12.00 to $11.50 and set a “hold” rating for the company in a research report on Wednesday, March 1st. Credit Suisse Group AG set a $15.00 price target on Ensco Plc and gave the stock a “buy” rating in a research report on Tuesday, February 28th. Finally, Tudor Pickering started coverage on Ensco Plc in a research report on Thursday, March 23rd. They issued a “hold” rating for the company.
Shares of Ensco Plc (NYSE:ESV) traded down 0.457% during mid-day trading on Tuesday, hitting $7.625. 5,861,499 shares of the stock traded hands. The company’s 50-day moving average price is $8.17 and its 200 day moving average price is $9.40. The company has a market capitalization of $2.31 billion, a PE ratio of 3.347 and a beta of 1.74. Ensco Plc has a 1-year low of $6.50 and a 1-year high of $12.04.
Ensco Plc (NYSE:ESV) last announced its earnings results on Thursday, April 27th. The offshore drilling services provider reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. Ensco Plc had a negative net margin of 52.28% and a positive return on equity of 8.58%. The firm had revenue of $471.10 million for the quarter, compared to analysts’ expectations of $468.78 million. Equities research analysts forecast that Ensco Plc will post ($0.26) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Monday, June 5th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Thursday, June 1st. Ensco Plc’s payout ratio is currently -0.53%.
Large investors have recently added to or reduced their stakes in the stock. Achmea Investment Management B.V. acquired a new stake in Ensco Plc during the first quarter valued at approximately $2,922,000. Kovitz Investment Group Partners LLC raised its stake in Ensco Plc by 1.9% in the first quarter. Kovitz Investment Group Partners LLC now owns 230,106 shares of the offshore drilling services provider’s stock valued at $2,060,000 after buying an additional 4,371 shares during the last quarter. HighTower Advisors LLC raised its stake in Ensco Plc by 2.2% in the first quarter. HighTower Advisors LLC now owns 23,177 shares of the offshore drilling services provider’s stock valued at $209,000 after buying an additional 500 shares during the last quarter. Credit Suisse AG raised its stake in Ensco Plc by 6.7% in the first quarter. Credit Suisse AG now owns 506,719 shares of the offshore drilling services provider’s stock valued at $4,534,000 after buying an additional 31,857 shares during the last quarter. Finally, Paloma Partners Management Co raised its stake in Ensco Plc by 128.2% in the first quarter. Paloma Partners Management Co now owns 238,063 shares of the offshore drilling services provider’s stock valued at $2,131,000 after buying an additional 133,746 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other 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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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