Ensco Plc (NYSE:ESV) – Equities research analysts at FBR & Co issued their Q1 2018 EPS estimates for Ensco Plc in a research note issued to investors on Friday. FBR & Co analyst T. Curran forecasts that the offshore drilling services provider will post earnings of ($0.20) per share for the quarter. FBR & Co has a “Neutral” rating and a $6.00 price target on the stock. FBR & Co also issued estimates for Ensco Plc’s Q2 2018 earnings at ($0.17) EPS and Q4 2018 earnings at ($0.15) EPS.

Ensco Plc (NYSE:ESV) last posted its quarterly earnings data on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.11. The business had revenue of $460.00 million during the quarter, compared to the consensus estimate of $457.79 million. Ensco Plc had a negative net margin of 3.04% and a negative return on equity of 0.37%. The company’s quarterly revenue was down 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 earnings per share.

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ESV has been the topic of several other research reports. Nordea Equity Research reiterated a “buy” rating and issued a $8.00 price target on shares of Ensco Plc in a report on Saturday, September 30th. ValuEngine cut Ensco Plc from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. UBS AG upgraded Ensco Plc from a “neutral” rating to a “buy” rating and raised their price target for the company from $6.00 to $8.00 in a report on Monday, September 25th. HSBC Holdings plc assumed coverage on Ensco Plc in a report on Thursday, October 19th. They issued a “buy” rating and a $7.30 price target on the stock. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Ensco Plc in a report on Friday, October 13th. They issued a “buy” rating and a $8.00 price target on the stock. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.47.

Shares of Ensco Plc (NYSE ESV) opened at 5.21 on Monday. Ensco Plc has a 12-month low of $4.10 and a 12-month high of $12.04. The firm has a market cap of $1.58 billion, a P/E ratio of 32.56 and a beta of 1.74. The company has a 50-day moving average of $5.38 and a 200 day moving average of $5.86.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Ensco Plc by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,676 shares of the offshore drilling services provider’s stock valued at $246,000 after purchasing an additional 143 shares during the period. Neuberger Berman Group LLC lifted its position in shares of 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 valued at $173,000 after acquiring an additional 436 shares during the period. HighTower Advisors LLC lifted its position in shares of Ensco Plc by 2.2% during the 1st quarter. HighTower Advisors LLC now owns 23,177 shares of the offshore drilling services provider’s stock valued at $209,000 after acquiring an additional 500 shares during the period. Comerica Bank lifted its position in shares of Ensco Plc by 0.3% during the 2nd quarter. Comerica Bank now owns 259,039 shares of the offshore drilling services provider’s stock valued at $1,386,000 after acquiring an additional 764 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in shares of Ensco Plc by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 25,029 shares of the offshore drilling services provider’s stock valued at $129,000 after acquiring an additional 937 shares during the period. Institutional investors and hedge funds own 91.56% 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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