ENSCO PLC (NYSE:ESV) – Analysts at Jefferies Group dropped their Q2 2017 earnings per share (EPS) estimates for ENSCO PLC in a report issued on Tuesday. Jefferies Group analyst E. Royes now anticipates that the offshore drilling services provider will post earnings of ($0.33) per share for the quarter, down from their previous forecast of ($0.09). Jefferies Group has a “Hold” rating and a $6.00 price target on the stock. Jefferies Group also issued estimates for ENSCO PLC’s FY2017 earnings at ($0.75) EPS, FY2018 earnings at ($1.00) EPS and FY2019 earnings at ($0.65) EPS.

A number of other analysts also recently issued reports on ESV. Scotiabank set a $13.00 price target on ENSCO PLC and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. Tudor Pickering initiated coverage on ENSCO PLC in a research report on Thursday, March 23rd. They issued a “hold” rating for the company. Barclays PLC restated a “sell” rating and issued a $8.00 price target on shares of ENSCO PLC in a research report on Thursday, April 27th. Clarkson Capital upgraded ENSCO PLC from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, May 30th. Finally, Seaport Global Securities upgraded ENSCO PLC from a “sell” rating to a “neutral” rating and set a $6.50 price target for the company in a research report on Wednesday, May 31st. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. ENSCO PLC has an average rating of “Hold” and an average target price of $9.63.

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ENSCO PLC (NYSE ESV) opened at 5.69 on Thursday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 2.50 and a beta of 1.64. ENSCO PLC has a 52 week low of $4.71 and a 52 week high of $12.04. The company has a 50 day moving average of $5.54 and a 200 day moving average of $8.34.

ENSCO PLC (NYSE:ESV) last issued its earnings results on Thursday, April 27th. The offshore drilling services provider reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.06. ENSCO PLC had a net margin of 28.32% and a return on equity of 3.07%. The company had revenue of $471.10 million for the quarter, compared to the consensus estimate of $468.78 million.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in ENSCO PLC by 10,624.9% in the first quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock valued at $234,173,000 after buying an additional 25,920,593 shares during the period. FMR LLC raised its position in ENSCO PLC by 969.0% in the first quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock valued at $131,610,000 after buying an additional 13,329,369 shares during the period. Dimensional Fund Advisors LP raised its position in ENSCO PLC by 657.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,206,197 shares of the offshore drilling services provider’s stock valued at $55,544,000 after buying an additional 5,387,049 shares during the period. RidgeWorth Capital Management LLC bought a new position in ENSCO PLC during the first quarter valued at about $24,001,000. Finally, MARSHALL WACE ASIA Ltd bought a new position in ENSCO PLC during the first quarter valued at about $22,072,000. Hedge funds and other institutional investors own 91.45% 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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.

Earnings History and Estimates for ENSCO PLC (NYSE:ESV)

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