Capital One Financial Corporation Comments on ENSCO PLC’s Q3 2017 Earnings (ESV)
ENSCO PLC (NYSE:ESV) – Equities research analysts at Capital One Financial Corporation cut their Q3 2017 earnings per share estimates for ENSCO PLC in a research note issued on Monday. Capital One Financial Corporation analyst J. Gibney now anticipates that the offshore drilling services provider will post earnings per share of ($0.17) for the quarter, down from their previous forecast of ($0.16). Capital One Financial Corporation also issued estimates for ENSCO PLC’s FY2018 earnings at ($0.62) EPS.
ENSCO PLC (NYSE:ESV) last posted its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. ENSCO PLC had a return on equity of 0.77% and a net margin of 2.68%. The firm had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $453.48 million. During the same period last year, the firm earned $2.04 EPS. The firm’s revenue was down 49.7% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “Capital One Financial Corporation Comments on ENSCO PLC’s Q3 2017 Earnings (ESV)” was posted by American Banking News and is the property of of American Banking News. If you are accessing this story on another site, it was illegally copied and republished in violation of international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/11/capital-one-financial-corporation-comments-on-ensco-plcs-q3-2017-earnings-esv.html.
Other research analysts also recently issued reports about the company. Jefferies Group LLC set a $9.00 target price on ENSCO PLC and gave the stock a “hold” rating in a report on Saturday, July 1st. Seaport Global Securities downgraded ENSCO PLC from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $6.50 to $4.00 in a report on Wednesday, June 21st. Deutsche Bank AG began coverage on ENSCO PLC in a report on Tuesday. They issued a “hold” rating and a $6.00 target price on the stock. BidaskClub downgraded ENSCO PLC from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $4.75 target price on shares of ENSCO PLC in a report on Tuesday, July 11th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.26.
Shares of ENSCO PLC (NYSE:ESV) opened at 5.58 on Wednesday. The firm has a market capitalization of $1.70 billion, a PE ratio of 34.88 and a beta of 1.75. The company has a 50-day moving average price of $5.09 and a 200 day moving average price of $6.16. ENSCO PLC has a 52-week low of $4.10 and a 52-week high of $12.04.
A number of large investors have recently bought and sold shares of ESV. Sei Investments Co. lifted its holdings in ENSCO PLC by 563.2% during the 1st quarter. Sei Investments Co. now owns 84,657 shares of the offshore drilling services provider’s stock worth $757,000 after buying an additional 71,893 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in ENSCO PLC by 24.6% during the 1st quarter. Ameriprise Financial Inc. now owns 1,046,542 shares of the offshore drilling services provider’s stock worth $9,367,000 after buying an additional 206,424 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in ENSCO PLC by 20.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 37,896 shares of the offshore drilling services provider’s stock worth $339,000 after buying an additional 6,436 shares in the last quarter. Stifel Financial Corp acquired a new position in ENSCO PLC during the 1st quarter worth $393,000. Finally, Neuberger Berman Group LLC lifted its holdings in ENSCO PLC by 2.3% during the 1st quarter. Neuberger Berman Group LLC now owns 19,304 shares of the offshore drilling services provider’s stock worth $173,000 after buying an additional 436 shares in the last quarter. 91.56% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Monday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, September 8th. ENSCO PLC’s dividend payout ratio is 23.53%.
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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