Brokerages Set Ensco Plc (ESV) Price Target at $9.96
Ensco Plc (NYSE:ESV) has been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9.83.
Several research firms have recently issued reports on ESV. UBS AG raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $6.00 to $8.00 in a research report on Monday, September 25th. Nordea Equity Research reaffirmed a “buy” rating and set a $8.00 price objective on shares of Ensco Plc in a research report on Saturday. Jefferies Group LLC set a $9.00 price target on shares of Ensco Plc and gave the stock a “hold” rating in a research note on Saturday, July 1st. ValuEngine lowered shares of Ensco Plc from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $4.75 price target on shares of Ensco Plc in a research note on Tuesday, July 11th.
Ensco Plc (NYSE ESV) traded up 1.70% during trading on Wednesday, hitting $5.97. The company had a trading volume of 14,377,298 shares. Ensco Plc has a 52-week low of $4.10 and a 52-week high of $12.04. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 37.31 and a beta of 1.65. The firm’s 50 day moving average is $4.68 and its 200-day moving average is $6.49.
Ensco Plc (NYSE:ESV) last released its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The company’s revenue for the quarter was down 49.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.04 EPS. On average, equities analysts forecast that Ensco Plc will post ($0.38) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Monday, September 11th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.67%. Ensco Plc’s dividend payout ratio is presently 23.53%.
A number of hedge funds and other institutional investors have recently bought and sold shares of ESV. GWM Advisors LLC acquired a new position in shares of Ensco Plc during the second quarter worth about $107,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Ensco Plc during the second quarter worth about $116,000. Riverhead Capital Management LLC increased its stake in shares of Ensco Plc by 94.3% during the second quarter. Riverhead Capital Management LLC now owns 23,905 shares of the offshore drilling services provider’s stock worth $123,000 after acquiring an additional 11,605 shares during the period. Hellman Jordan Management Co. Inc. MA acquired a new position in shares of Ensco Plc during the second quarter worth about $126,000. Finally, LS Investment Advisors LLC increased its stake in shares of Ensco Plc by 19.5% during the second quarter. LS Investment Advisors LLC now owns 24,804 shares of the offshore drilling services provider’s stock worth $128,000 after acquiring an additional 4,039 shares during the period. Institutional investors own 91.56% of the company’s stock.
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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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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