Ensco Plc (ESV) to Issue Quarterly Dividend of $0.01 on December 15th
Ensco Plc (NYSE:ESV) announced a quarterly dividend on Tuesday, November 7th, RTT News reports. Investors of record on Monday, December 4th will be given a dividend of 0.01 per share by the offshore drilling services provider on Friday, December 15th. This represents a $0.04 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, December 1st.
Ensco has decreased its dividend by an average of 76.3% per year over the last three years. Ensco has a dividend payout ratio of -7.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Ensco to earn ($0.87) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -4.6%.
Shares of Ensco (NYSE:ESV) opened at $5.24 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.04 and a quick ratio of 5.04. Ensco has a fifty-two week low of $4.10 and a fifty-two week high of $12.04.
Ensco (NYSE:ESV) last released its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.11. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. The business had revenue of $460.00 million during the quarter, compared to analysts’ expectations of $457.79 million. During the same period last year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was down 16.1% compared to the same quarter last year. analysts predict that Ensco will post -0.53 earnings per share for the current fiscal year.
A number of research firms have commented on ESV. B. Riley restated a “neutral” rating on shares of Ensco in a research note on Wednesday, November 1st. Zacks Investment Research lowered Ensco from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Jefferies Group set a $6.00 price objective on Ensco and gave the stock a “hold” rating in a research note on Sunday, October 29th. FBR & Co lowered their price objective on Ensco from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $6.10 price objective on shares of Ensco in a research note on Sunday, October 22nd. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.47.
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Ensco 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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