Ensco (NYSE:ESV) Earning Somewhat Positive News Coverage, Study Shows

Media headlines about Ensco (NYSE:ESV) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ensco earned a news impact score of 0.11 on Accern’s scale. Accern also assigned media coverage about the offshore drilling services provider an impact score of 46.5764019348686 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of NYSE:ESV traded down $0.04 during mid-day trading on Thursday, reaching $4.39. The company’s stock had a trading volume of 11,880,690 shares, compared to its average volume of 13,767,599. The firm has a market cap of $1,966.40, a price-to-earnings ratio of -5.42 and a beta of 1.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.13 and a current ratio of 2.13. Ensco has a 52 week low of $4.10 and a 52 week high of $9.50.

Ensco (NYSE:ESV) last announced its quarterly earnings data on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.03. The firm had revenue of $454.00 million during the quarter, compared to analyst estimates of $453.21 million. Ensco had a negative net margin of 16.48% and a negative return on equity of 1.86%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. equities research analysts predict that Ensco will post -0.98 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.91%. Ensco’s payout ratio is -4.94%.

Several equities analysts recently commented on the stock. Citigroup cut shares of Ensco from a “buy” rating to a “neutral” rating in a research note on Monday, March 19th. Cowen set a $5.00 price target on shares of Ensco and gave the stock a “hold” rating in a research note on Thursday, March 15th. Zacks Investment Research raised shares of Ensco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 14th. Wells Fargo cut their price target on shares of Ensco from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Wednesday, February 28th. Finally, Credit Suisse Group set a $8.00 price target on shares of Ensco and gave the stock a “hold” rating in a research note on Tuesday, February 27th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.66.

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Ensco 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.

Insider Buying and Selling by Quarter for Ensco (NYSE:ESV)

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