Ensco Plc to Post Q1 2018 Earnings of ($0.20) Per Share, FBR & Co Forecasts (ESV)
Ensco Plc (NYSE:ESV) – Research analysts at FBR & Co issued their Q1 2018 earnings per share estimates for Ensco Plc in a research report issued to clients and investors on Friday. FBR & Co analyst T. Curran expects that the offshore drilling services provider will earn ($0.20) per share for the quarter. FBR & Co currently has a “Neutral” rating and a $6.00 target price on the stock. FBR & Co also issued estimates for Ensco Plc’s Q2 2018 earnings at ($0.17) EPS and Q4 2018 earnings at ($0.15) EPS.
Ensco Plc (NYSE:ESV) last posted its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.11. The business had revenue of $460.00 million for the quarter, compared to analyst estimates of $457.79 million. Ensco Plc had a negative net margin of 3.04% and a negative return on equity of 0.37%. The business’s quarterly revenue was down 16.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS.
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ESV has been the subject of several other reports. Nordea Equity Research reissued a “buy” rating and issued a $8.00 target price on shares of Ensco Plc in a research report on Saturday, September 30th. Zacks Investment Research downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. UBS AG raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $6.00 to $8.00 in a research report on Monday, September 25th. Finally, HSBC Holdings plc assumed coverage on shares of Ensco Plc in a research report on Thursday, October 19th. They issued a “buy” rating and a $7.30 target price for the company. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Ensco Plc currently has an average rating of “Hold” and an average price target of $8.47.
Ensco Plc (ESV) traded up 2.04% during trading on Monday, hitting $5.50. 14,316,790 shares of the company traded hands. The firm has a 50 day moving average of $5.43 and a 200 day moving average of $5.79. The firm has a market cap of $1.67 billion, a P/E ratio of 34.38 and a beta of 1.75. Ensco Plc has a one year low of $4.10 and a one year high of $12.04.
A number of large investors have recently added to or reduced their stakes in ESV. BlackRock Inc. raised its stake in Ensco Plc by 10,624.9% during 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 purchasing an additional 25,920,593 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ensco Plc by 170.3% during 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 purchasing an additional 10,568,874 shares during the last quarter. Capital Guardian Trust Co. raised its stake in Ensco Plc by 189.3% during 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 purchasing an additional 6,960,500 shares during the last quarter. Capital International Investors raised its stake in Ensco Plc by 181.5% during 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 purchasing an additional 6,838,484 shares during the last quarter. Finally, Scepter Holdings Inc. acquired a new position in Ensco Plc during the 2nd quarter valued at $24,330,000. Hedge funds and other institutional investors 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.
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