Jefferies Group LLC reiterated their hold rating on shares of Ensco Plc (NYSE:ESV) in a report published on Tuesday. The brokerage currently has a $11.00 target price on the offshore drilling services provider’s stock.
A number of other research firms also recently commented on ESV. Tudor Pickering started coverage on Ensco Plc in a report on Thursday, March 23rd. They issued a hold rating on the stock. Capital One Financial Corp. upgraded Ensco Plc from an equal weight rating to an overweight rating in a report on Tuesday, January 17th. Bank of America Corp upgraded Ensco Plc from a neutral rating to a buy rating and increased their price objective for the stock from $8.00 to $14.00 in a report on Monday, January 9th. Evercore ISI increased their price objective on Ensco Plc from $13.00 to $14.00 and gave the stock a buy rating in a report on Friday, March 3rd. Finally, Scotiabank set a $13.00 price objective on Ensco Plc and gave the stock a buy rating in a report on Wednesday, March 22nd. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. Ensco Plc presently has an average rating of Hold and an average price target of $11.38.
Shares of Ensco Plc (NYSE:ESV) opened at 8.33 on Tuesday. Ensco Plc has a 12-month low of $6.50 and a 12-month high of $12.36. The company has a 50-day moving average of $9.03 and a 200 day moving average of $9.45. The firm has a market capitalization of $2.52 billion, a PE ratio of 2.66 and a beta of 1.74.
Ensco Plc (NYSE:ESV) last released its quarterly earnings data on Monday, February 27th. The offshore drilling services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. Ensco Plc had a positive return on equity of 8.58% and a negative net margin of 52.28%. The firm had revenue of $505 million for the quarter, compared to the consensus estimate of $505.61 million. During the same quarter in the prior year, the company posted ($10.64) earnings per share. The firm’s revenue was down 39.0% on a year-over-year basis. On average, analysts predict that Ensco Plc will post ($0.20) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Monday, March 6th were given a $0.01 dividend. The ex-dividend date was Thursday, March 2nd. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. Ensco Plc’s dividend payout ratio is -0.53%.
Several large investors have recently bought and sold shares of ESV. Stockman Asset Management acquired a new stake in Ensco Plc during the third quarter valued at $111,000. Smith Salley & Associates acquired a new stake in Ensco Plc during the fourth quarter valued at $111,000. Creative Planning boosted 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 valued at $118,000 after buying an additional 601 shares during the period. Tyers Asset Management LLC purchased a new position in shares of Ensco Plc during the fourth quarter valued at approximately $130,000. Finally, Advisor Group Inc. boosted its position in shares of Ensco Plc by 3.7% in the third quarter. Advisor Group Inc. now owns 16,606 shares of the offshore drilling services provider’s stock valued at $132,000 after buying an additional 592 shares during the period. 88.70% of the stock is owned by institutional investors.
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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