Ensco PLC (NYSE:ESV) shares were down 3.2% during trading on Monday . The stock traded as low as $9.85 and last traded at $9.85, with a volume of 3,738,782 shares. The stock had previously closed at $10.18.

Several research analysts have recently commented on ESV shares. Cowen and Company reduced their target price on Ensco PLC from $13.00 to $9.50 in a research note on Monday, March 21st. Seaport Global Securities boosted their price target on Ensco PLC from $7.00 to $8.00 in a research note on Monday, March 14th. Johnson Rice upgraded Ensco PLC from a “hold” rating to an “accumulate” rating in a research note on Monday, June 13th. Evercore ISI restated a “buy” rating on shares of Ensco PLC in a research note on Wednesday, June 29th. Finally, Morgan Stanley upgraded Ensco PLC from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $10.00 to $14.00 in a research note on Friday, April 15th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $13.80.

The company’s 50 day moving average is $10.11 and its 200 day moving average is $10.55. The firm’s market cap is $2.33 billion.

Ensco PLC (NYSE:ESV) last released its quarterly earnings results on Wednesday, April 27th. The offshore drilling services provider reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by $0.02. The business earned $814 million during the quarter, compared to analyst estimates of $792.95 million. During the same quarter last year, the firm earned $1.49 EPS. The firm’s quarterly revenue was down 30.1% on a year-over-year basis. Equities research analysts forecast that Ensco PLC will post $1.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Monday, June 6th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.40%.

Other large investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its stake in Ensco PLC by 1.1% in the fourth quarter. Alps Advisors Inc. now owns 1,305,876 shares of the offshore drilling services provider’s stock worth $20,097,000 after buying an additional 14,307 shares during the last quarter. New York State Common Retirement Fund increased its stake in Ensco PLC by 4.5% in the fourth quarter. New York State Common Retirement Fund now owns 1,737,339 shares of the offshore drilling services provider’s stock worth $26,738,000 after buying an additional 75,504 shares during the last quarter. Engineers Gate Manager LP increased its stake in Ensco PLC by 12.0% in the fourth quarter. Engineers Gate Manager LP now owns 196,022 shares of the offshore drilling services provider’s stock worth $3,017,000 after buying an additional 21,028 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Ensco PLC by 111.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 74,454 shares of the offshore drilling services provider’s stock worth $1,146,000 after buying an additional 39,295 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Ensco PLC by 3.4% in the fourth quarter. California Public Employees Retirement System now owns 680,700 shares of the offshore drilling services provider’s stock worth $10,476,000 after buying an additional 22,300 shares during the last quarter.

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.

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