Ensco Plc (NYSE:ESV) has earned an average recommendation of “Hold” from the twenty-four brokerages that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $8.49.

Several brokerages have recently issued reports on ESV. BMO Capital Markets set a $5.00 price objective on shares of Ensco and gave the stock a “hold” rating in a research note on Tuesday, October 17th. B. Riley reaffirmed a “neutral” rating on shares of Ensco in a research note on Wednesday, November 1st. Jefferies Group set a $6.00 price objective on shares of Ensco and gave the stock a “hold” rating in a research note on Sunday, October 29th. Zacks Investment Research raised shares of Ensco from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, ValuEngine cut shares of Ensco from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd.

Ensco (ESV) traded down $0.11 during mid-day trading on Friday, hitting $6.71. 11,173,367 shares of the company’s stock were exchanged, compared to its average volume of 15,130,842. Ensco has a one year low of $4.10 and a one year high of $12.04. The company has a market cap of $2,930.00, a P/E ratio of -29.17 and a beta of 1.82. 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 results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.11. Ensco had a negative net margin of 3.04% and a negative return on equity of 0.37%. The company had revenue of $460.00 million for the quarter, compared to the consensus estimate of $457.79 million. During the same period in the previous year, the firm earned $0.28 EPS. Ensco’s revenue was down 16.1% on a year-over-year basis. sell-side analysts anticipate that Ensco will post -0.54 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, December 1st. Ensco’s dividend payout ratio (DPR) is currently -17.39%.

Institutional investors have recently added to or reduced their stakes in the company. Van Den Berg Management I Inc. increased its position in shares of Ensco by 52.5% in the third quarter. Van Den Berg Management I Inc. now owns 2,522,746 shares of the offshore drilling services provider’s stock worth $15,061,000 after acquiring an additional 868,550 shares in the last quarter. South Dakota Investment Council increased its position in shares of Ensco by 19.1% in the second quarter. South Dakota Investment Council now owns 487,200 shares of the offshore drilling services provider’s stock worth $2,514,000 after acquiring an additional 78,100 shares in the last quarter. BlueMountain Capital Management LLC increased its position in shares of Ensco by 66.4% in the second quarter. BlueMountain Capital Management LLC now owns 799,721 shares of the offshore drilling services provider’s stock worth $4,127,000 after acquiring an additional 319,031 shares in the last quarter. Majedie Asset Management Ltd increased its position in shares of Ensco by 204.0% in the third quarter. Majedie Asset Management Ltd now owns 6,382,433 shares of the offshore drilling services provider’s stock worth $38,103,000 after acquiring an additional 4,282,658 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Ensco by 49.1% in the third quarter. Capital International Investors now owns 15,811,810 shares of the offshore drilling services provider’s stock worth $94,397,000 after acquiring an additional 5,205,307 shares in the last quarter. 76.80% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Ensco (NYSE:ESV)

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