Ensco Plc (NYSE:ESV)’s share price gapped down before the market opened on Friday . The stock had previously closed at $4.65, but opened at $4.52. Ensco shares last traded at $4.36, with a volume of 10686612 shares.

ESV has been the subject of several research analyst reports. ValuEngine raised Ensco from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. DNB Markets upgraded Ensco from a “hold” rating to a “buy” rating in a research report on Wednesday. Piper Jaffray Companies set a $9.00 price target on Ensco and gave the stock a “hold” rating in a research report on Sunday, November 4th. Cowen began coverage on Ensco in a research report on Saturday, October 13th. They set a “hold” rating and a $7.00 price target on the stock. Finally, Wells Fargo & Co restated a “buy” rating on shares of Ensco in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.64.

The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.96 billion, a PE ratio of -8.38 and a beta of 2.07.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Monday, December 3rd were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, November 30th. Ensco’s dividend payout ratio is -7.69%.

In other 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 value of $27,990.00. Following the transaction, the vice president now owns 314,864 shares of the company’s stock, valued at approximately $1,958,454.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in shares of Ensco in the 2nd quarter valued at $427,000. FMR LLC increased its position in shares of Ensco by 6.9% in the 2nd quarter. FMR LLC now owns 34,395,479 shares of the offshore drilling services provider’s stock valued at $249,712,000 after buying an additional 2,213,621 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Ensco in the 2nd quarter valued at $31,145,000. Oregon Public Employees Retirement Fund increased its position in shares of Ensco by 10.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 170,667 shares of the offshore drilling services provider’s stock valued at $1,239,000 after buying an additional 15,909 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Ensco by 40.2% in the 2nd quarter. Bank of America Corp DE now owns 523,093 shares of the offshore drilling services provider’s stock valued at $3,798,000 after buying an additional 149,869 shares in the last quarter. 96.69% of the stock is currently owned by institutional investors.

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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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