Shares of Ensco Plc (NYSE:ESV) have been given a consensus recommendation of “Hold” by the twenty-three brokerages that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.97.
Several research analysts have weighed in on ESV shares. BMO Capital Markets lifted their target price on Ensco Plc from $4.75 to $5.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. ValuEngine lowered Ensco Plc from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Barclays PLC reiterated a “sell” rating and set a $8.00 target price on shares of Ensco Plc in a report on Thursday, April 27th. BidaskClub lowered Ensco Plc from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Finally, Piper Jaffray Companies upgraded Ensco Plc from a “neutral” rating to an “overweight” rating and cut their price target for the company from $9.20 to $8.00 in a report on Monday, June 19th.
Ensco Plc (NYSE ESV) traded down 3.40% on Tuesday, reaching $4.83. The company had a trading volume of 15,143,531 shares. The firm has a 50 day moving average price of $5.31 and a 200-day moving average price of $7.90. Ensco Plc has a 12 month low of $4.71 and a 12 month high of $12.04. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 30.19 and a beta of 1.64.
Ensco Plc (NYSE:ESV) last posted its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. The company’s revenue for the quarter was down 49.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.04 earnings per share. Analysts forecast that Ensco Plc will post ($0.37) earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. ZWJ Investment Counsel Inc. raised its position in shares of Ensco Plc by 1.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 11,635 shares of the offshore drilling services provider’s stock worth $104,000 after buying an additional 180 shares during the last quarter. Creative Planning raised its position in shares of Ensco Plc by 4.8% in the first quarter. Creative Planning now owns 13,135 shares of the offshore drilling services provider’s stock worth $118,000 after buying an additional 601 shares during the last quarter. First Manhattan Co. raised its position in shares of Ensco Plc by 72.6% in the first quarter. First Manhattan Co. now owns 14,260 shares of the offshore drilling services provider’s stock worth $121,000 after buying an additional 6,000 shares during the last quarter. Tyers Asset Management LLC raised its position in shares of Ensco Plc by 2.7% in the first quarter. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider’s stock worth $123,000 after buying an additional 364 shares during the last quarter. Finally, HRT Financial LLC acquired a new position in shares of Ensco Plc during the first quarter worth about $126,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.
About Ensco Plc
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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