Societe Generale set a $5.00 price objective on Ensco (NYSE:ESV) in a research report sent to investors on Tuesday. The brokerage currently has a hold rating on the offshore drilling services provider’s stock.

Several other brokerages also recently commented on ESV. ValuEngine downgraded shares of Ensco from a buy rating to a hold rating in a report on Friday, March 1st. DNB Markets raised shares of Ensco from a hold rating to a buy rating in a report on Wednesday, January 9th. Wells Fargo & Co reaffirmed a buy rating on shares of Ensco in a report on Friday, March 1st. Barclays set a $5.00 price objective on shares of Ensco and gave the company a sell rating in a report on Wednesday, February 20th. Finally, Jefferies Financial Group reissued a hold rating and issued a $4.00 price objective on shares of Ensco in a report on Friday, December 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $7.43.

Shares of ESV stock opened at $4.09 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.48 and a current ratio of 2.48. Ensco has a 52 week low of $3.19 and a 52 week high of $9.51.

Ensco (NYSE:ESV) last announced its earnings results on Thursday, February 28th. The offshore drilling services provider reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.01). The company had revenue of $399.00 million for the quarter, compared to the consensus estimate of $404.69 million. Ensco had a negative return on equity of 6.95% and a negative net margin of 37.51%. The business’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) EPS. On average, equities analysts forecast that Ensco will post -1.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, March 8th. Ensco’s dividend payout ratio is currently -2.99%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Willis Investment Counsel lifted its holdings in shares of Ensco by 1.6% during the 3rd quarter. Willis Investment Counsel now owns 1,190,620 shares of the offshore drilling services provider’s stock worth $10,049,000 after acquiring an additional 19,235 shares during the period. Hosking Partners LLP lifted its holdings in shares of Ensco by 8.6% during the 4th quarter. Hosking Partners LLP now owns 2,528,562 shares of the offshore drilling services provider’s stock worth $9,002,000 after acquiring an additional 200,387 shares during the period. Capital International Investors lifted its holdings in shares of Ensco by 4.4% during the 3rd quarter. Capital International Investors now owns 20,147,782 shares of the offshore drilling services provider’s stock worth $170,047,000 after acquiring an additional 846,997 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Ensco by 459.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 56,366 shares of the offshore drilling services provider’s stock worth $476,000 after acquiring an additional 46,292 shares during the period. Finally, Capital Guardian Trust Co. lifted its holdings in shares of Ensco by 6.7% during the 3rd quarter. Capital Guardian Trust Co. now owns 14,829,552 shares of the offshore drilling services provider’s stock worth $125,161,000 after acquiring an additional 935,572 shares during the period. 98.95% of the stock is owned by hedge funds and other institutional investors.

About Ensco

Ensco Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its business through the following segments: Floaters, Jackups, and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service.

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Analyst Recommendations for Ensco (NYSE:ESV)

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