Ensco (NYSE:ESV) has been given a $6.00 price target by Jefferies Group in a report issued on Thursday. The firm presently has a “hold” rating on the offshore drilling services provider’s stock. Jefferies Group’s target price indicates a potential downside of 12.02% from the company’s current price.
Other equities analysts have also issued research reports about the company. B. Riley reiterated 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 price objective for the company. ValuEngine lowered Ensco from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. UBS Group upgraded Ensco from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $6.00 to $8.00 in a research note on Monday, September 25th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $6.10 target price on shares of Ensco in a research report on Sunday, October 22nd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Ensco presently has an average rating of “Hold” and an average price target of $8.24.
Ensco (NYSE:ESV) traded up $0.21 during midday trading on Thursday, hitting $6.82. The company’s stock had a trading volume of 17,919,816 shares, compared to its average volume of 11,510,000. The stock has a market cap of $2,970.00, a price-to-earnings ratio of -29.65 and a beta of 1.82. Ensco has a twelve month low of $4.10 and a twelve month high of $12.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.04 and a quick ratio of 5.04.
Ensco (NYSE:ESV) last released its quarterly earnings data on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.11. The business had revenue of $460.00 million during the quarter, compared to analyst estimates of $457.79 million. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. The company’s revenue was down 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. sell-side analysts expect that Ensco will post -0.54 earnings per share for the current year.
Several large investors have recently bought and sold shares of ESV. Private Advisor Group LLC acquired a new stake in Ensco in the 3rd quarter worth about $100,000. GWM Advisors LLC acquired a new stake in Ensco in the 2nd quarter worth about $107,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Ensco in the 2nd quarter worth about $116,000. Harvest Management LLC acquired a new stake in Ensco in the 3rd quarter worth about $119,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Ensco in the 3rd quarter worth about $121,000. Hedge funds and other institutional investors own 76.80% of the company’s stock.
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Ensco 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.