Ensco Plc (ESV) Receives Consensus Rating of “Hold” from Analysts
Ensco Plc (NYSE:ESV) has received a consensus recommendation of “Hold” from the twenty-five ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $8.88.
Several research firms have commented on ESV. Piper Jaffray Companies reaffirmed a “buy” rating and set a $6.10 price objective on shares of Ensco Plc in a research note on Sunday. FBR & Co reaffirmed a “hold” rating on shares of Ensco Plc in a research note on Thursday. Cowen and Company set a $4.00 price objective on shares of Ensco Plc and gave the stock a “hold” rating in a research note on Wednesday. HSBC Holdings plc began coverage on shares of Ensco Plc in a research note on Thursday. They set a “buy” rating and a $7.30 price objective for the company. Finally, BMO Capital Markets set a $5.00 price objective on shares of Ensco Plc and gave the stock a “hold” rating in a research note on Tuesday, October 17th.
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A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Ensco Plc by 25.3% in the second quarter. BlackRock Inc. now owns 32,777,289 shares of the offshore drilling services provider’s stock worth $169,130,000 after purchasing an additional 6,612,735 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ensco Plc by 170.3% in the second quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock worth $86,564,000 after purchasing an additional 10,568,874 shares in the last quarter. FMR LLC raised its holdings 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 worth $131,610,000 after purchasing an additional 13,329,369 shares in the last quarter. State Street Corp raised its holdings in Ensco Plc by 1.6% in the second quarter. State Street Corp now owns 12,112,020 shares of the offshore drilling services provider’s stock worth $62,497,000 after purchasing an additional 192,165 shares in the last quarter. Finally, Capital Guardian Trust Co. raised its holdings in Ensco Plc by 189.3% in the second quarter. Capital Guardian Trust Co. now owns 10,637,145 shares of the offshore drilling services provider’s stock worth $54,888,000 after purchasing an additional 6,960,500 shares in the last quarter. Institutional investors and hedge funds own 91.56% of the company’s stock.
Ensco Plc (ESV) traded down 3.40% during midday trading on Friday, reaching $5.12. 22,032,098 shares of the company were exchanged. The company has a 50-day moving average of $5.33 and a 200 day moving average of $6.01. The firm has a market capitalization of $1.56 billion, a PE ratio of 32.00 and a beta of 1.75. Ensco Plc has a 52 week low of $4.10 and a 52 week high of $12.04.
Ensco Plc (NYSE:ESV) last posted its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $457.50 million during the quarter, compared to analyst estimates of $453.48 million. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. Ensco Plc’s quarterly revenue was down 49.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.04 earnings per share. Equities analysts predict that Ensco Plc will post ($0.38) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Monday, September 11th were issued a $0.01 dividend. The ex-dividend date was Friday, September 8th. This represents a $0.04 annualized dividend and a dividend yield of 0.78%. Ensco Plc’s payout ratio is currently 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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