Ensco (NYSE:ESV) has been given a $13.00 price target by analysts at Citigroup in a report released on Friday, TipRanks reports. The brokerage presently has a “hold” rating on the offshore drilling services provider’s stock. Citigroup‘s price target would suggest a potential upside of 19.71% from the company’s current price.
ESV has been the subject of several other reports. HSBC upgraded shares of Ensco from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Friday, March 8th. ValuEngine downgraded shares of Ensco from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Morgan Stanley initiated coverage on shares of Ensco in a report on Tuesday, April 16th. They set an “overweight” rating and a $25.00 target price for the company. Piper Jaffray Companies set a $16.00 target price on shares of Ensco and gave the company a “hold” rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Co restated a “buy” rating on shares of Ensco in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.18.
Shares of ESV traded down $0.31 during trading hours on Friday, reaching $10.86. The company had a trading volume of 5,335,910 shares, compared to its average volume of 4,047,594. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.24 billion, a PE ratio of -2.03 and a beta of 2.09. Ensco has a 12-month low of $10.67 and a 12-month high of $38.04.
Ensco (NYSE:ESV) last announced its quarterly earnings results on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.79) by $0.10. The business had revenue of $405.90 million during the quarter, compared to the consensus estimate of $405.12 million. Ensco had a negative net margin of 40.72% and a negative return on equity of 7.65%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) EPS. On average, research analysts anticipate that Ensco will post -5.44 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of ESV. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of Ensco by 59.6% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 17,401 shares of the offshore drilling services provider’s stock worth $62,000 after buying an additional 6,500 shares in the last quarter. Leavell Investment Management Inc. purchased a new stake in shares of Ensco during the fourth quarter worth about $39,000. Fisher Asset Management LLC purchased a new stake in shares of Ensco during the fourth quarter worth about $1,437,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ensco by 12.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,738 shares of the offshore drilling services provider’s stock worth $99,000 after buying an additional 3,004 shares in the last quarter. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Ensco by 28.4% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,031,143 shares of the offshore drilling services provider’s stock worth $10,791,000 after buying an additional 671,147 shares in the last quarter.
Ensco Company Profile
Ensco Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its business through the following segments: Floaters, Jackups, and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service.
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