ENSCO PLC (NYSE:ESV) – Stock analysts at Jefferies Group dropped their Q2 2017 earnings per share (EPS) estimates for ENSCO PLC in a research report issued on Tuesday. Jefferies Group analyst E. Royes now expects that the offshore drilling services provider will post earnings of ($0.33) per share for the quarter, down from their previous estimate of ($0.09). Jefferies Group currently has a “Hold” rating and a $6.00 target price on the stock. Jefferies Group also issued estimates for ENSCO PLC’s FY2017 earnings at ($0.75) EPS, FY2018 earnings at ($1.00) EPS and FY2019 earnings at ($0.65) EPS.
ENSCO PLC (NYSE:ESV) last released its quarterly earnings results on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. The company had revenue of $471.10 million during the quarter, compared to analysts’ expectations of $468.78 million. ENSCO PLC had a net margin of 28.32% and a return on equity of 3.07%.
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Several other analysts also recently commented on the stock. ValuEngine downgraded shares of ENSCO PLC from a “hold” rating to a “sell” rating in a research report on Wednesday. Seaport Global Securities reaffirmed a “sell” rating on shares of ENSCO PLC in a research report on Wednesday, July 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $4.75 price objective on shares of ENSCO PLC in a research report on Tuesday, July 11th. Bank of America Corporation downgraded shares of ENSCO PLC from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $7.00 to $5.00 in a research report on Friday, June 30th. Finally, BidaskClub downgraded shares of ENSCO PLC from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Six 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 stock presently has an average rating of “Hold” and a consensus target price of $9.63.
ENSCO PLC (ESV) opened at 5.39 on Thursday. The stock has a 50 day moving average of $5.51 and a 200 day moving average of $8.32. ENSCO PLC has a 12-month low of $4.71 and a 12-month high of $12.04. The firm has a market cap of $1.64 billion, a PE ratio of 2.37 and a beta of 1.64.
Several large investors have recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. boosted its stake in 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 worth $104,000 after buying an additional 180 shares during the last quarter. 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. 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. 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. Finally, HRT Financial LLC acquired a new stake in ENSCO PLC during the first quarter worth approximately $126,000. Institutional investors own 91.45% of the company’s stock.
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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