Ensco Plc (ESV) Receives Consensus Rating of “Hold” from Brokerages
Shares of Ensco Plc (NYSE:ESV) have been given an average recommendation of “Hold” by the twenty brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $6.67.
A number of brokerages have issued reports on ESV. Barclays lifted their price objective on Ensco from $4.00 to $5.00 and gave the company an “underweight” rating in a report on Thursday, August 9th. Piper Jaffray Companies set a $7.00 price objective on Ensco and gave the company a “hold” rating in a report on Sunday, July 29th. Susquehanna Bancshares set a $8.00 price objective on Ensco and gave the company a “hold” rating in a report on Friday, July 27th. ValuEngine cut Ensco from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Finally, Tudor Pickering raised Ensco from a “hold” rating to a “buy” rating in a report on Thursday, July 12th.
Large investors have recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in shares of Ensco in the second quarter valued at $219,000. Elephas Investment Management Ltd acquired a new stake in shares of Ensco in the first quarter valued at $35,764,000. Schwab Charles Investment Management Inc. increased its stake in shares of Ensco by 7.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,323,721 shares of the offshore drilling services provider’s stock valued at $14,592,000 after buying an additional 222,412 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Ensco by 1.9% in the first quarter. Principal Financial Group Inc. now owns 1,890,905 shares of the offshore drilling services provider’s stock valued at $8,301,000 after buying an additional 36,034 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of Ensco by 142.9% in the fourth quarter. Raymond James & Associates now owns 48,360 shares of the offshore drilling services provider’s stock valued at $286,000 after buying an additional 28,451 shares in the last quarter. Institutional investors own 94.13% of the company’s stock.
Ensco (NYSE:ESV) last issued its quarterly earnings data on Wednesday, July 25th. The offshore drilling services provider reported ($0.30) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.03. The company had revenue of $458.50 million during the quarter, compared to analysts’ expectations of $449.69 million. Ensco had a negative return on equity of 4.51% and a negative net margin of 29.25%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. analysts predict that Ensco will post -1.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Monday, September 10th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, September 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.59%. Ensco’s dividend payout ratio (DPR) is presently -7.69%.
Ensco Company Profile
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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