An issue of Ensco Plc (NYSE:ESV) bonds rose 1.4% as a percentage of their face value during trading on Thursday. The high-yield issue of debt has a 5.2% coupon and is set to mature on March 15, 2025. The debt is now trading at $77.90 and was trading at $74.50 one week ago. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its share price.

Several equities research analysts have issued reports on ESV shares. ValuEngine raised Ensco from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 4th. Cowen started coverage on Ensco in a report on Saturday, October 13th. They set a “hold” rating and a $7.00 price target for the company. Wells Fargo & Co reaffirmed a “buy” rating on shares of Ensco in a report on Friday, November 2nd. Piper Jaffray Companies set a $9.00 price target on Ensco and gave the company a “hold” rating in a report on Sunday, November 4th. Finally, UBS Group set a $12.00 price target on Ensco and gave the company a “buy” rating in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.74.

ESV stock opened at $5.15 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of -9.90 and a beta of 1.78. Ensco Plc has a fifty-two week low of $4.10 and a fifty-two week high of $9.51.

Ensco (NYSE:ESV) last posted its quarterly earnings data on Monday, October 29th. The offshore drilling services provider reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.02. The firm had revenue of $431.00 million for the quarter, compared to analysts’ expectations of $424.66 million. Ensco had a negative return on equity of 5.98% and a negative net margin of 36.53%. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) EPS. As a group, equities analysts expect that Ensco Plc will post -1.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.78%. The ex-dividend date is Friday, November 30th. Ensco’s payout ratio is -7.69%.

In other Ensco news, VP Steven Joseph Brady sold 4,500 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $6.22, for a total transaction of $27,990.00. Following the transaction, the vice president now owns 314,864 shares in the company, valued at approximately $1,958,454.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Energy Opportunities Capital Management LLC increased its position in Ensco by 166.0% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 585,785 shares of the offshore drilling services provider’s stock worth $4,253,000 after buying an additional 365,590 shares during the period. Millennium Management LLC bought a new position in shares of Ensco in the second quarter worth $92,724,000. Scout Investments Inc. bought a new position in shares of Ensco in the third quarter worth $17,860,000. GeoSphere Capital Management LLC bought a new position in shares of Ensco in the second quarter worth $414,000. Finally, GWM Advisors LLC bought a new position in shares of Ensco in the third quarter worth $187,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

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About Ensco (NYSE:ESV)

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.

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