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

ESV has been the subject of several research analyst reports. Cowen and Company decreased their target price on Ensco PLC from $13.00 to $9.50 in a research report on Monday, March 21st. Johnson Rice upgraded Ensco PLC from a “hold” rating to an “accumulate” rating in a research report on Monday, June 13th. Evercore ISI reiterated a “buy” rating on shares of Ensco PLC in a research report on Wednesday, June 29th. Morgan Stanley upgraded Ensco PLC from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $10.00 to $14.00 in a research report on Friday, April 15th. Finally, Zacks Investment Research downgraded Ensco PLC from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Ensco PLC currently has a consensus rating of “Hold” and an average target price of $13.80.

The firm has a 50-day moving average of $10.13 and a 200 day moving average of $10.43. The firm’s market capitalization is $2.40 billion.

Ensco PLC (NYSE:ESV) last issued its quarterly earnings data on Wednesday, April 27th. The offshore drilling services provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.02. During the same period in the previous year, the company posted $1.49 earnings per share. The company earned $814 million during the quarter, compared to analysts’ expectations of $792.95 million. The business’s revenue was down 30.1% compared to the same quarter last year. On average, analysts anticipate that Ensco PLC will post $1.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Monday, June 6th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, June 2nd.

Other large investors have recently bought and sold shares of the company. Nationwide Fund Advisors increased its stake in Ensco PLC by 2.3% in the fourth quarter. Nationwide Fund Advisors now owns 72,527 shares of the offshore drilling services provider’s stock worth $1,116,000 after buying an additional 1,653 shares during the period. Sippican Capital Advisors increased its stake in Ensco PLC by 6.1% in the fourth quarter. Sippican Capital Advisors now owns 70,658 shares of the offshore drilling services provider’s stock worth $1,087,000 after buying an additional 4,054 shares during the period. Rhumbline Advisers increased its stake in Ensco PLC by 1.5% in the fourth quarter. Rhumbline Advisers now owns 289,597 shares of the offshore drilling services provider’s stock worth $4,457,000 after buying an additional 4,324 shares during the period. California State Teachers Retirement System increased its stake in Ensco PLC by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 448,001 shares of the offshore drilling services provider’s stock worth $6,895,000 after buying an additional 7,144 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its stake in Ensco PLC by 9.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 85,200 shares of the offshore drilling services provider’s stock worth $1,415,000 after buying an additional 7,218 shares during the period.

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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