Ensco Plc (NYSE:ESV) Rating Reiterated by BMO Capital Markets
Ensco Plc (NYSE:ESV)‘s stock had its “hold” rating reiterated by equities researchers at BMO Capital Markets in a research report issued on Tuesday. They currently have a $4.75 target price on the offshore drilling services provider’s stock. BMO Capital Markets’ target price would suggest a potential downside of 5.75% from the company’s current price.
ESV has been the topic of several other reports. Jefferies Group LLC reissued a “hold” rating and issued a $11.00 target price (down from $11.50) on shares of Ensco Plc in a research note on Tuesday, April 11th. Barclays PLC reaffirmed a “sell” rating and set a $8.00 price target on shares of Ensco Plc in a report on Thursday, April 27th. Tudor Pickering began coverage on Ensco Plc in a report on Thursday, March 23rd. They issued a “hold” rating on the stock. Scotiabank set a $13.00 target price on Ensco Plc and gave the company a “buy” rating in a report on Wednesday, March 22nd. Finally, Clarkson Capital raised Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Tuesday, May 30th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Ensco Plc currently has a consensus rating of “Hold” and an average target price of $9.79.
Ensco Plc (NYSE ESV) traded up 1.19% on Tuesday, reaching $5.10. 32,281,992 shares of the company traded hands. The firm has a 50 day moving average of $6.35 and a 200-day moving average of $8.84. The stock has a market capitalization of $1.55 billion, a PE ratio of 2.24 and a beta of 1.64. Ensco Plc has a one year low of $4.75 and a one year high of $12.04. Ensco Plc also saw unusually large options trading activity on Monday. Investors bought 7,997 call options on the stock. This is an increase of approximately 363% compared to the typical volume of 1,729 call options.
Ensco Plc (NYSE:ESV) last released its earnings results on Thursday, April 27th. The offshore drilling services provider reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.06. Ensco Plc had a return on equity of 3.07% and a net margin of 28.32%. The company had revenue of $471.10 million for the quarter, compared to analysts’ expectations of $468.78 million. On average, analysts anticipate that Ensco Plc will post ($0.23) EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Monday, June 5th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Thursday, June 1st. Ensco Plc’s dividend payout ratio (DPR) is presently 1.69%.
Institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners purchased a new position in shares of Ensco Plc during the fourth quarter valued at about $0. Sigma Planning Corp bought a new stake in Ensco Plc during the second quarter valued at $101,000. ZWJ Investment Counsel Inc. boosted its stake in Ensco Plc by 1.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 11,635 shares of the offshore drilling services provider’s stock valued at $104,000 after buying an additional 180 shares during the last quarter. Wealthsource Partners LLC boosted its stake in Ensco Plc by 8.1% in the third quarter. Wealthsource Partners LLC now owns 12,325 shares of the offshore drilling services provider’s stock valued at $105,000 after buying an additional 925 shares during the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in Ensco Plc during the third quarter valued at $106,000. 91.48% of the stock is owned by institutional investors.
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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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