Ensco Plc (ESV) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Ensco Plc (NYSE:ESV) have received an average recommendation of “Hold” from the twenty-four research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $8.49.
A number of analysts recently issued reports on the company. B. Riley reissued a “neutral” rating on shares of Ensco in a research note on Wednesday, November 1st. Goldman Sachs Group assumed coverage on Ensco in a research note on Friday, October 13th. They set a “buy” rating and a $8.00 target price for the company. ValuEngine cut Ensco from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. UBS raised Ensco from a “neutral” rating to a “buy” rating and upped their price target for the stock from $6.00 to $8.00 in a research report on Monday, September 25th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $6.10 price target on shares of Ensco in a research report on Sunday, October 22nd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in shares of Ensco in the 3rd quarter valued at approximately $100,000. Harvest Management LLC acquired a new stake in shares of Ensco in the 3rd quarter valued at approximately $119,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Ensco in the 3rd quarter valued at approximately $121,000. GWM Advisors LLC acquired a new stake in shares of Ensco in the 2nd quarter valued at approximately $107,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Ensco in the 3rd quarter valued at approximately $127,000. 76.88% of the stock is owned by institutional investors.
Ensco (NYSE:ESV) last posted its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.11. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. The business had revenue of $460.00 million during the quarter, compared to analysts’ expectations of $457.79 million. During the same period in the prior year, the business earned $0.28 EPS. Ensco’s revenue for the quarter was down 16.1% compared to the same quarter last year. sell-side analysts expect that Ensco will post -0.53 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, December 1st. Ensco’s payout ratio is presently -21.05%.
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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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