Shares of Ensco Rowan PLC (NYSE:ESV) have been given a consensus rating of “Hold” by the twenty-two research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $10.00.

Several equities analysts have recently issued reports on ESV shares. Barclays reiterated a “sell” rating and set a $13.00 price target on shares of Ensco Rowan in a research report on Sunday, May 5th. Citigroup started coverage on Ensco Rowan in a research report on Thursday, April 11th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded Ensco Rowan from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, May 24th. Royal Bank of Canada started coverage on Ensco Rowan in a research report on Friday, May 17th. They set an “outperform” rating and a $15.00 price target on the stock. Finally, BTIG Research lowered their price target on Ensco Rowan from $70.00 to $15.00 in a research report on Thursday, May 30th.

ESV traded down $0.73 during trading hours on Friday, hitting $6.62. The company’s stock had a trading volume of 8,653,202 shares, compared to its average volume of 8,307,471. Ensco Rowan has a fifty-two week low of $7.01 and a fifty-two week high of $38.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market cap of $1.41 billion, a P/E ratio of -1.24 and a beta of 2.31.

Ensco Rowan (NYSE:ESV) last posted its earnings results on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) EPS for the quarter, beating the consensus estimate of ($1.79) by $0.10. Ensco Rowan had a negative return on equity of 7.65% and a negative net margin of 40.72%. The firm had revenue of $405.90 million for the quarter, compared to analysts’ expectations of $405.12 million. During the same period last year, the firm earned ($0.32) EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Ensco Rowan will post -5.14 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of ESV. Nisa Investment Advisors LLC acquired a new position in shares of Ensco Rowan in the 1st quarter worth $28,000. Hellman Jordan Management Co. Inc. MA acquired a new position in shares of Ensco Rowan in the 4th quarter worth $38,000. Piedmont Investment Advisors Inc. acquired a new stake in shares of Ensco Rowan in the fourth quarter worth $41,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Ensco Rowan by 149.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 11,493 shares of the offshore drilling services provider’s stock worth $45,000 after buying an additional 6,882 shares during the period. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Ensco Rowan in the fourth quarter worth $49,000.

Ensco Rowan Company Profile

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.

Featured Article: Stock Symbols and CUSIP Explained

Analyst Recommendations for Ensco Rowan (NYSE:ESV)

Receive News & Ratings for Ensco Rowan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco Rowan and related companies with MarketBeat.com's FREE daily email newsletter.