Ensco Plc (ESV) Receives “Buy” Rating from Nordea Equity Research
Nordea Equity Research reaffirmed their buy rating on shares of Ensco Plc (NYSE:ESV) in a report published on Saturday. Nordea Equity Research currently has a $8.00 price target on the offshore drilling services provider’s stock.
A number of other equities analysts have also weighed in on ESV. UBS AG raised Ensco Plc from a neutral rating to a buy rating and boosted their price objective for the stock from $6.00 to $8.00 in a research note on Monday, September 25th. Jefferies Group LLC set a $9.00 price objective on Ensco Plc and gave the stock a hold rating in a research note on Saturday, July 1st. ValuEngine lowered Ensco Plc from a hold rating to a sell rating in a research note on Wednesday, July 19th. BMO Capital Markets reaffirmed a hold rating and issued a $4.75 price target on shares of Ensco Plc in a research note on Tuesday, July 11th. Finally, BidaskClub lowered Ensco Plc from a sell rating to a strong sell rating in a research note on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Ensco Plc currently has a consensus rating of Hold and a consensus price target of $9.47.
Shares of Ensco Plc (NYSE ESV) traded up 1.70% during mid-day trading on Friday, reaching $5.97. The company had a trading volume of 14,377,298 shares. The stock’s 50-day moving average price is $4.68 and its 200 day moving average price is $6.49. The company has a market capitalization of $1.81 billion, a PE ratio of 37.31 and a beta of 1.65. Ensco Plc has a 1-year low of $4.10 and a 1-year high of $12.04.
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 for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The company had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. The firm’s revenue for the quarter was down 49.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 earnings per share. Equities analysts expect that Ensco Plc will post ($0.38) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Monday, September 11th were issued 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 dividend yield of 0.67%. Ensco Plc’s payout ratio is currently 23.53%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ESV. BlackRock Inc. increased its holdings in shares of Ensco Plc by 10,624.9% in the 1st quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock valued at $234,173,000 after acquiring an additional 25,920,593 shares during the last quarter. FMR LLC increased its holdings in shares of Ensco Plc by 969.0% in the 1st quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock valued at $131,610,000 after acquiring an additional 13,329,369 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ensco Plc by 170.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock valued at $86,564,000 after acquiring an additional 10,568,874 shares during the last quarter. Capital Guardian Trust Co. increased its holdings in shares of Ensco Plc by 189.3% in the 2nd quarter. Capital Guardian Trust Co. now owns 10,637,145 shares of the offshore drilling services provider’s stock valued at $54,888,000 after acquiring an additional 6,960,500 shares during the last quarter. Finally, Capital International Investors increased its holdings in shares of Ensco Plc by 181.5% in the 2nd quarter. Capital International Investors now owns 10,606,503 shares of the offshore drilling services provider’s stock valued at $54,730,000 after acquiring an additional 6,838,484 shares during the last quarter. Institutional investors and hedge funds own 91.56% of the company’s stock.
Ensco Plc 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.
Receive News & Ratings for Ensco Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco Plc and related companies with Analyst Ratings Network's FREE daily email newsletter.