ENSCO PLC (NYSE:ESV) – Equities research analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for ENSCO PLC in a research report issued to clients and investors on Monday. Jefferies Group analyst E. Royes now forecasts that the offshore drilling services provider will post earnings per share of ($0.50) for the year, up from their previous forecast of ($0.75). Jefferies Group currently has a “Hold” rating and a $6.00 target price on the stock. Jefferies Group also issued estimates for ENSCO PLC’s FY2018 earnings at ($1.20) EPS.

Other research analysts have also recently issued reports about the stock. Clarkson Capital upgraded shares of ENSCO PLC from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Tuesday, May 30th. ValuEngine upgraded shares of ENSCO PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. BMO Capital Markets reiterated a “hold” rating and set a $4.75 price target on shares of ENSCO PLC in a research report on Tuesday, July 11th. Seaport Global Securities upgraded shares of ENSCO PLC from a “sell” rating to a “neutral” rating and set a $6.50 price target on the stock in a research report on Wednesday, May 31st. Finally, Piper Jaffray Companies upgraded shares of ENSCO PLC from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $9.20 to $8.00 in a report on Monday, June 19th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.64.

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Shares of ENSCO PLC (NYSE ESV) opened at 4.52 on Wednesday. The firm’s 50-day moving average is $5.16 and its 200-day moving average is $7.51. ENSCO PLC has a 12-month low of $4.16 and a 12-month high of $12.04. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.25 and a beta of 1.64.

ENSCO PLC (NYSE:ESV) last posted its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. ENSCO PLC had a net margin of 2.68% and a return on equity of 0.77%. The firm had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. During the same period in the previous year, the firm posted $2.04 EPS. The company’s revenue for the quarter was down 49.7% compared to the same quarter last year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of ENSCO PLC by 39.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 819,148 shares of the offshore drilling services provider’s stock valued at $7,962,000 after buying an additional 231,190 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of ENSCO PLC by 10.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 581,271 shares of the offshore drilling services provider’s stock valued at $5,650,000 after buying an additional 53,771 shares in the last quarter. Creative Planning raised its position in shares of ENSCO PLC by 4.8% in the first quarter. Creative Planning now owns 13,135 shares of the offshore drilling services provider’s stock valued at $118,000 after buying an additional 601 shares in the last quarter. Bank of Montreal Can raised its position in shares of ENSCO PLC by 114.2% in the first quarter. Bank of Montreal Can now owns 285,780 shares of the offshore drilling services provider’s stock valued at $2,558,000 after buying an additional 152,389 shares in the last quarter. Finally, Fox Run Management L.L.C. raised its position in shares of ENSCO PLC by 14.0% in the first quarter. Fox Run Management L.L.C. now owns 20,300 shares of the offshore drilling services provider’s stock valued at $182,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 88.94% 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. 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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