ValuEngine upgraded shares of ENSCO PLC (NYSE:ESV) from a sell rating to a hold rating in a report issued on Tuesday.
A number of other equities research analysts have also issued reports on ESV. Jefferies Group LLC reissued a hold rating and issued a $6.00 target price (down previously from $9.00) on shares of ENSCO PLC in a research report on Tuesday, July 18th. BMO Capital Markets restated a hold rating and issued a $4.75 price target on shares of ENSCO PLC in a research note on Tuesday, July 11th. Seaport Global Securities restated a sell rating on shares of ENSCO PLC in a research note on Wednesday, July 12th. BidaskClub downgraded ENSCO PLC from a sell rating to a strong sell rating in a research note on Thursday, June 22nd. Finally, Bank of America Corporation downgraded ENSCO PLC from a neutral rating to an underperform rating and decreased their price target for the company from $7.00 to $5.00 in a research note on Friday, June 30th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $9.63.
Shares of ENSCO PLC (NYSE ESV) traded down 2.68% during midday trading on Tuesday, hitting $5.44. The company had a trading volume of 5,979,441 shares. The firm has a market capitalization of $1.65 billion, a P/E ratio of 2.39 and a beta of 1.64. The firm’s 50-day moving average is $5.46 and its 200-day moving average is $8.23. ENSCO PLC has a 12-month low of $4.71 and a 12-month high of $12.04.
ENSCO PLC (NYSE:ESV) last announced its earnings results on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. ENSCO PLC had a return on equity of 3.07% and a net margin of 28.32%. The business had revenue of $471.10 million for the quarter, compared to analyst estimates of $468.78 million. On average, analysts predict that ENSCO PLC will post ($0.28) earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new position in ENSCO PLC during the second quarter worth approximately $523,000. Parkwood LLC boosted its position in ENSCO PLC by 26.3% in the second quarter. Parkwood LLC now owns 75,797 shares of the offshore drilling services provider’s stock worth $391,000 after buying an additional 15,797 shares during the period. Breton Hill Capital Ltd. boosted its position in ENSCO PLC by 56.6% in the second quarter. Breton Hill Capital Ltd. now owns 132,413 shares of the offshore drilling services provider’s stock worth $683,000 after buying an additional 47,847 shares during the period. Rothschild Investment Corp IL acquired a new position in ENSCO PLC during the second quarter worth approximately $133,000. Finally, State Treasurer State of Michigan boosted its position in ENSCO PLC by 1.6% in the second quarter. State Treasurer State of Michigan now owns 125,100 shares of the offshore drilling services provider’s stock worth $646,000 after buying an additional 2,000 shares during the period. 90.82% 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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