Ensco Plc (NYSE:ESV)‘s stock had its “hold” rating reissued by stock analysts at BMO Capital Markets in a report issued on Tuesday, July 11th. They currently have a $4.75 price target on the offshore drilling services provider’s stock. BMO Capital Markets’ target price points to a potential downside of 1.66% from the company’s previous close.
Several other research analysts have also weighed in on ESV. Scotiabank set a $13.00 target price on shares of Ensco Plc and gave the stock a “buy” rating in a research note on Wednesday, March 22nd. Clarkson Capital raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Tuesday, May 30th. Jefferies Group LLC set a $9.00 target price on shares of Ensco Plc and gave the stock a “hold” rating in a research note on Saturday, July 1st. Tudor Pickering started coverage on shares of Ensco Plc in a research note on Thursday, March 23rd. They set a “hold” rating for the company. Finally, Seaport Global Securities raised shares of Ensco Plc from a “sell” rating to a “neutral” rating and set a $6.50 target price for the company in a research note on Wednesday, May 31st. 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 stock. The company presently has an average rating of “Hold” and an average price target of $9.64.
Ensco Plc (NYSE ESV) opened at 4.83 on Tuesday. Ensco Plc has a 52 week low of $4.71 and a 52 week high of $12.04. The firm has a 50 day moving average of $5.31 and a 200-day moving average of $7.90. The stock has a market capitalization of $1.47 billion, a PE ratio of 30.19 and a beta of 1.64.
Ensco Plc (NYSE:ESV) last released its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The firm had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. During the same period last year, the business earned $2.04 earnings per share. Ensco Plc’s revenue was down 49.7% compared to the same quarter last year. On average, equities analysts predict that Ensco Plc will post ($0.37) EPS for the current year.
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A number of hedge funds have recently modified their holdings of the stock. ZWJ Investment Counsel Inc. boosted its stake 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 valued at $104,000 after buying an additional 180 shares during the period. Creative Planning boosted its stake in 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. Tyers Asset Management LLC boosted its stake in 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. HRT Financial LLC bought a new stake in Ensco Plc during the first quarter worth $126,000. Finally, First Manhattan Co. boosted its stake in 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. 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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