Shares of Ensco Plc (NYSE:ESV) have received an average rating of “Hold” from the twenty-six analysts that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $8.72.
ESV has been the subject of a number of research analyst reports. Nordea Equity Research reaffirmed a “buy” rating and set a $8.00 price objective on shares of Ensco Plc in a report on Saturday, September 30th. FBR & Co cut their price objective on shares of Ensco Plc from $9.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Zacks Investment Research lowered shares of Ensco Plc from a “hold” rating to a “sell” rating in a report on Monday, October 30th. UBS AG raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and increased their price objective for the company from $6.00 to $8.00 in a report on Monday, September 25th. Finally, initiated coverage on shares of Ensco Plc in a report on Thursday, October 19th. They set a “buy” rating and a $7.30 price objective for the company.
Several large investors have recently added to or reduced their stakes in ESV. Teachers Advisors LLC lifted its position in shares of Ensco Plc by 7.2% during the first quarter. Teachers Advisors LLC now owns 397,736 shares of the offshore drilling services provider’s stock worth $3,560,000 after purchasing an additional 26,758 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Ensco Plc by 5.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,305,550 shares of the offshore drilling services provider’s stock worth $11,685,000 after purchasing an additional 66,475 shares during the last quarter. Credit Suisse AG lifted its position in shares of Ensco Plc by 6.7% during the first quarter. Credit Suisse AG now owns 506,719 shares of the offshore drilling services provider’s stock worth $4,534,000 after purchasing an additional 31,857 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Ensco Plc by 2.2% in the first 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 in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Ensco Plc by 50.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 17,400 shares of the offshore drilling services provider’s stock valued at $156,000 after acquiring an additional 5,800 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
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Ensco Plc (NYSE:ESV) traded up $0.03 during midday trading on Thursday, reaching $5.43. 11,388,911 shares of the company’s stock were exchanged, compared to its average volume of 14,780,218. Ensco Plc has a 12 month low of $4.10 and a 12 month high of $12.04. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.58.
Ensco Plc (NYSE:ESV) last released its 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 Plc 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 analysts’ expectations of $457.79 million. During the same quarter last year, the business earned $0.28 EPS. The firm’s revenue was down 16.1% compared to the same quarter last year. analysts expect that Ensco Plc will post -0.49 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.04 annualized dividend and a dividend yield of 0.74%. Ensco Plc’s dividend payout ratio (DPR) is -17.39%.
Ensco Plc 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.
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