Ensco PLC (NYSE:ESV) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Ensco PLC (NYSE:ESV) have been assigned a consensus rating of “Hold” from the thirty analysts that are presently covering the firm. Eight research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $12.24.
ESV has been the topic of several research analyst reports. Howard Weil restated a “sector outperform” rating on shares of Ensco PLC in a report on Thursday. Citigroup Inc. raised their price target on Ensco PLC from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, August 25th. DNB Markets cut Ensco PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Bank of America Corp. assumed coverage on Ensco PLC in a report on Sunday, June 19th. They issued an “underperform” rating and a $10.53 price target on the stock. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $10.00 price target on shares of Ensco PLC in a report on Wednesday, September 14th.
Ensco PLC (NYSE:ESV) traded up 0.29% during trading on Monday, reaching $6.89. The company’s stock had a trading volume of 4,970,294 shares. Ensco PLC has a 52 week low of $6.67 and a 52 week high of $18.93. The stock’s 50 day moving average is $8.26 and its 200-day moving average is $9.86. The firm’s market cap is $2.08 billion.
Ensco PLC (NYSE:ESV) last announced its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 EPS for the quarter, topping the consensus estimate of $0.53 by $1.51. The company had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The business’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, equities research analysts forecast that Ensco PLC will post $1.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a $0.01 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.58%. Ensco PLC’s dividend payout ratio is -0.60%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sigma Planning Corp bought a new position in Ensco PLC during the second quarter worth $101,000. Shoker Investment Counsel Inc. increased its position in Ensco PLC by 1.1% in the second quarter. Shoker Investment Counsel Inc. now owns 10,496 shares of the offshore drilling services provider’s stock worth $101,000 after buying an additional 111 shares in the last quarter. Wealthsource Partners LLC bought a new position in Ensco PLC during the second quarter worth $111,000. Eqis Capital Management Inc. bought a new position in Ensco PLC during the second quarter worth $122,000. Finally, First Allied Advisory Services Inc. bought a new position in Ensco PLC during the second quarter worth $129,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.
About Ensco PLC
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.
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