Shares of Ensco Rowan PLC (NYSE:ESV) gapped up before the market opened on Thursday . The stock had previously closed at $10.07, but opened at $9.60. Ensco Rowan shares last traded at $9.08, with a volume of 211,781 shares traded.

A number of equities analysts have commented on ESV shares. BTIG Research reduced their price objective on shares of Ensco Rowan from $70.00 to $15.00 in a research report on Thursday, May 30th. Citigroup set a $8.00 target price on shares of Diamond Offshore Drilling and gave the company a “sell” rating in a research report on Friday, May 17th. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Piper Jaffray Companies set a $29.00 target price on shares of OptiNose and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Finally, Societe Generale set a $5.00 target price on shares of Ensco Rowan and gave the company a “hold” rating in a research report on Tuesday, March 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.05.

The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -1.69 and a beta of 2.23. The stock’s 50 day moving average price is $8.23. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.64.

Ensco Rowan (NYSE:ESV) last posted its quarterly earnings results on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.79) by $0.10. The business had revenue of $405.90 million during the quarter, compared to the consensus estimate of $405.12 million. Ensco Rowan had a negative return on equity of 7.65% and a negative net margin of 40.72%. Ensco Rowan’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.32) earnings per share. Equities research analysts predict that Ensco Rowan PLC will post -5.18 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of ESV. Manikay Partners LLC acquired a new position in Ensco Rowan in the fourth quarter valued at about $15,219,000. Norges Bank acquired a new position in Ensco Rowan in the fourth quarter valued at about $13,875,000. Alpine Associates Management Inc. acquired a new position in Ensco Rowan in the fourth quarter valued at about $9,194,000. TVR Capital Management LP raised its stake in Ensco Rowan by 372.3% in the fourth quarter. TVR Capital Management LP now owns 1,812,062 shares of the offshore drilling services provider’s stock valued at $6,451,000 after purchasing an additional 1,428,364 shares in the last quarter. Finally, Nomura Holdings Inc. raised its stake in Ensco Rowan by 259.6% in the fourth quarter. Nomura Holdings Inc. now owns 1,697,942 shares of the offshore drilling services provider’s stock valued at $6,183,000 after purchasing an additional 1,225,770 shares in the last quarter.

About Ensco Rowan (NYSE:ESV)

Ensco Rowan plc provides offshore drilling services in various water depths worldwide. It operates a rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups. The company's offshore fleet include 16 drillships, 12 semisubmersibles, 54 jackups, and 2 deepwater managed units.

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