Citigroup lowered shares of Ensco (NYSE:ESV) from a buy rating to a neutral rating in a research report released on Monday morning.

ESV has been the subject of a number of other research reports. Piper Jaffray Companies downgraded shares of Ensco from an overweight rating to a neutral rating and set a $6.00 price objective for the company. in a research report on Thursday, January 11th. ValuEngine raised shares of Ensco from a sell rating to a hold rating in a research report on Friday, December 1st. Jefferies Group set a $6.00 price objective on shares of Ensco and gave the company a hold rating in a research report on Thursday, January 4th. Credit Suisse Group downgraded shares of Ensco from an outperform rating to a neutral rating and set a $8.00 price objective for the company. in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Wells Fargo lowered their price objective on shares of Ensco from $7.00 to $6.00 and set a market perform rating for the company in a research report on Wednesday, February 28th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. Ensco presently has an average rating of Hold and an average price target of $7.02.

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Shares of Ensco stock opened at $4.93 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.13 and a current ratio of 2.13. Ensco has a 1 year low of $4.10 and a 1 year high of $9.50. The firm has a market cap of $2,001.28, a PE ratio of -6.09 and a beta of 1.88.

Ensco (NYSE:ESV) last announced its quarterly earnings data on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. Ensco had a negative net margin of 16.48% and a negative return on equity of 1.86%. The business had revenue of $454.00 million during the quarter, compared to the consensus estimate of $453.21 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. research analysts expect that Ensco will post -0.98 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Friday, March 2nd. Ensco’s dividend payout ratio (DPR) is -4.94%.

Several institutional investors have recently bought and sold shares of ESV. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Ensco by 46.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 33,031 shares of the offshore drilling services provider’s stock valued at $197,000 after acquiring an additional 10,493 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Ensco in the third quarter valued at approximately $121,000. New York State Common Retirement Fund boosted its holdings in shares of Ensco by 7.7% in the third quarter. New York State Common Retirement Fund now owns 1,413,100 shares of the offshore drilling services provider’s stock valued at $8,436,000 after acquiring an additional 101,200 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Ensco by 16.3% in the third quarter. Van ECK Associates Corp now owns 5,222,932 shares of the offshore drilling services provider’s stock valued at $31,181,000 after acquiring an additional 733,947 shares in the last quarter. Finally, Majedie Asset Management Ltd boosted its holdings 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 valued at $38,103,000 after acquiring an additional 4,282,658 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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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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