Ensco Plc (NYSE:ESV) shares were up 0.4% during mid-day trading on Tuesday . The company traded as high as $4.54 and last traded at $4.51. Approximately 8,137,569 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 19,162,100 shares. The stock had previously closed at $4.53.
A number of research analysts recently issued reports on ESV shares. Piper Jaffray Companies raised shares of Ensco Plc from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $9.20 to $8.00 in a research note on Monday, June 19th. BidaskClub raised shares of Ensco Plc from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC set a $9.00 price objective on shares of Ensco Plc and gave the company a “hold” rating in a research note on Wednesday, May 24th. Bank of America Corporation cut shares of Ensco Plc from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $7.00 to $5.00 in a research note on Friday, June 30th. Finally, ValuEngine raised shares of Ensco Plc from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $9.85.
The firm has a market cap of $1.41 billion, a P/E ratio of 29.00 and a beta of 1.65. The company has a 50-day moving average price of $4.81 and a 200 day moving average price of $6.83.
Ensco Plc (NYSE:ESV) last released its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating 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 company had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. During the same quarter last year, the firm earned $2.04 EPS. The firm’s quarterly revenue was down 49.7% compared to the same quarter last year. Equities research analysts forecast that Ensco Plc will post ($0.38) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Monday, September 11th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, September 8th. Ensco Plc’s dividend payout ratio is currently 23.53%.
Several hedge funds have recently added to or reduced their stakes in ESV. BlackRock Inc. grew its holdings in shares of Ensco Plc by 10,624.9% during the 1st quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock valued at $234,173,000 after purchasing an additional 25,920,593 shares during the last quarter. FMR LLC grew its holdings in shares of Ensco Plc by 969.0% during the 1st quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock valued at $131,610,000 after purchasing an additional 13,329,369 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ensco Plc by 170.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock valued at $86,564,000 after purchasing an additional 10,568,874 shares during the last quarter. Capital Guardian Trust Co. grew its holdings in shares of Ensco Plc by 189.3% during the 2nd quarter. Capital Guardian Trust Co. now owns 10,637,145 shares of the offshore drilling services provider’s stock valued at $54,888,000 after purchasing an additional 6,960,500 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of Ensco Plc by 181.5% during the 2nd quarter. Capital International Investors now owns 10,606,503 shares of the offshore drilling services provider’s stock valued at $54,730,000 after purchasing an additional 6,838,484 shares during the last quarter. 91.56% of the stock is currently owned by institutional investors.
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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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