Ensco Plc (ESV) Shares Gap Down to $5.97
Ensco Plc (NYSE:ESV)’s share price gapped down prior to trading on Monday . The stock had previously closed at $6.16, but opened at $5.97. Ensco Plc shares last traded at $5.81, with a volume of 20,901,973 shares.
Several analysts recently issued reports on ESV shares. UBS AG upgraded shares of Ensco Plc from a “neutral” rating to a “buy” rating and boosted their target price for the company from $6.00 to $8.00 in a research report on Monday, September 25th. Jefferies Group LLC set a $9.00 target price on shares of Ensco Plc and gave the company a “hold” rating in a report on Saturday, July 1st. Nordea Equity Research reiterated a “buy” rating and issued a $8.00 price target on shares of Ensco Plc in a research report on Saturday. ValuEngine downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $4.75 price target on shares of Ensco Plc in a research note on Tuesday, July 11th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Ensco Plc presently has a consensus rating of “Hold” and an average price target of $9.47.
The stock’s 50 day moving average is $4.85 and its 200-day moving average is $6.28. The company has a market cap of $1.77 billion, a PE ratio of 36.31 and a beta of 1.74.
Ensco Plc (NYSE:ESV) last issued its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $453.48 million. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. Ensco Plc’s revenue for the quarter was down 49.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 earnings per share. On average, 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 given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Friday, September 8th. Ensco Plc’s dividend payout ratio (DPR) is presently 23.53%.
Several large investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Ensco Plc by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,676 shares of the offshore drilling services provider’s stock valued at $246,000 after buying an additional 143 shares in the last quarter. World Asset Management Inc increased its holdings in Ensco Plc by 0.6% in the 1st quarter. World Asset Management Inc now owns 25,438 shares of the offshore drilling services provider’s stock worth $228,000 after acquiring an additional 158 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Ensco Plc by 2.3% in the 1st quarter. Neuberger Berman Group LLC now owns 19,304 shares of the offshore drilling services provider’s stock worth $173,000 after acquiring an additional 436 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Ensco Plc by 2.0% in the 1st quarter. Teacher Retirement System of Texas now owns 24,092 shares of the offshore drilling services provider’s stock worth $216,000 after acquiring an additional 468 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Ensco Plc by 2.2% in the 1st quarter. HighTower Advisors LLC now owns 23,177 shares of the offshore drilling services provider’s stock worth $209,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 91.56% of the company’s stock.
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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.
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