Ensco Plc (NYSE:ESV)‘s stock had its “buy” rating restated by research analysts at Piper Jaffray Companies in a report released on Sunday. They presently have a $6.10 target price on the offshore drilling services provider’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 19.14% from the company’s previous close.

A number of other analysts have also issued reports on the stock. FBR & Co restated a “hold” rating on shares of Ensco Plc in a research report on Thursday. Cowen and Company set a $4.00 target price on shares of Ensco Plc and gave the stock a “hold” rating in a research report on Wednesday. HSBC Holdings plc began coverage on shares of Ensco Plc in a research report on Thursday. They set a “buy” rating and a $7.30 target price on the stock. BMO Capital Markets set a $5.00 target price on shares of Ensco Plc and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Ensco Plc in a research report on Friday, October 13th. They set a “buy” rating and a $8.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Ensco Plc has an average rating of “Hold” and a consensus price target of $8.63.

Ensco Plc (NYSE ESV) opened at 5.12 on Friday. The firm has a market capitalization of $1.56 billion, a PE ratio of 32.00 and a beta of 1.75. The stock’s 50 day moving average price is $5.33 and its 200 day moving average price is $6.01. Ensco Plc has a one year low of $4.10 and a one year high of $12.04.

Ensco Plc (NYSE:ESV) last announced its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) 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 quarter last year, the business earned $2.04 earnings per share. Ensco Plc’s revenue was down 49.7% compared to the same quarter last year. Analysts expect that Ensco Plc will post ($0.38) EPS for the current year.

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Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Ensco Plc by 25.3% during the 2nd quarter. BlackRock Inc. now owns 32,777,289 shares of the offshore drilling services provider’s stock valued at $169,130,000 after acquiring an additional 6,612,735 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ensco Plc by 170.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock valued at $86,564,000 after acquiring an additional 10,568,874 shares in the last quarter. State Street Corp lifted its holdings in shares of Ensco Plc by 1.6% during the 2nd quarter. State Street Corp now owns 12,112,020 shares of the offshore drilling services provider’s stock valued at $62,497,000 after acquiring an additional 192,165 shares in the last quarter. Capital Guardian Trust Co. lifted its holdings in shares of Ensco Plc by 189.3% during the 2nd quarter. Capital Guardian Trust Co. now owns 10,637,145 shares of the offshore drilling services provider’s stock valued at $54,888,000 after acquiring an additional 6,960,500 shares in the last quarter. Finally, Capital International Investors lifted its holdings in shares of Ensco Plc by 181.5% during the 2nd quarter. Capital International Investors now owns 10,606,503 shares of the offshore drilling services provider’s stock valued at $54,730,000 after acquiring an additional 6,838,484 shares in the last quarter. Institutional investors and hedge funds own 91.56% 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.

Analyst Recommendations for Ensco Plc (NYSE:ESV)

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