Ensco PLC (NYSE:ESV) was down 5.1% during mid-day trading on Tuesday . The company traded as low as $9.78 and last traded at $9.81, with a volume of 4,604,394 shares changing hands. The stock had previously closed at $10.34.

A number of equities research analysts have recently issued reports on ESV shares. Evercore ISI reaffirmed a “buy” rating on shares of Ensco PLC in a report on Wednesday, June 29th. DNB Markets cut shares of Ensco PLC from a “hold” rating to a “sell” rating in a report on Tuesday. Goldman Sachs Group Inc. decreased their price target on shares of Ensco PLC from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, April 15th. Clarkson Capital reiterated a “sell” rating on shares of Ensco PLC in a research note on Tuesday, April 12th. Finally, Bank of America Corp. assumed coverage on shares of Ensco PLC in a research note on Sunday, June 19th. They issued an “underperform” rating and a $10.53 price target on the stock. Nine analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.80.

The firm’s market capitalization is $2.32 billion. The stock’s 50-day moving average is $10.21 and its 200-day moving average is $10.29.

Ensco PLC (NYSE:ESV) last issued its quarterly earnings data on Wednesday, April 27th. The offshore drilling services provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.76 by $0.02. The company had revenue of $814 million for the quarter, compared to the consensus estimate of $792.95 million. During the same period in the prior year, the company posted $1.49 earnings per share. The company’s quarterly revenue was down 30.1% compared to the same quarter last year. On average, analysts forecast that Ensco PLC will post $1.80 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of ESV. Sippican Capital Advisors boosted its position in shares of 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 valued at $1,087,000 after buying an additional 4,054 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of 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 valued at $1,116,000 after buying an additional 1,653 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Ensco PLC by 13.3% in the fourth quarter. GSA Capital Partners LLP now owns 72,548 shares of the offshore drilling services provider’s stock valued at $1,117,000 after buying an additional 8,526 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of 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 valued at $1,146,000 after buying an additional 39,295 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its position in shares of 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 valued at $1,415,000 after buying an additional 7,218 shares in 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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