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

Several research analysts have recently commented on ESV shares. Bank of America Corp. started coverage on shares of Ensco PLC in a report on Monday, June 13th. They issued an “underperform” rating and a $9.00 price target for the company. Johnson Rice raised shares of Ensco PLC from a “hold” rating to an “accumulate” rating in a report on Monday, June 13th. Zacks Investment Research lowered shares of Ensco PLC from a “buy” rating to a “hold” rating in a report on Friday, April 8th. Barclays PLC lowered shares of Ensco PLC from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a report on Monday, March 28th. Finally, DNB Markets lowered shares of Ensco PLC from a “hold” rating to a “sell” rating in a report on Tuesday. Nine research 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’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.80.

The stock’s 50 day moving average price is $10.19 and its 200-day moving average price is $10.28. The stock’s market cap is $2.34 billion.

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 analysts’ consensus estimates of $0.76 by $0.02. During the same quarter in the prior year, the company posted $1.49 earnings per share. The business had revenue of $814 million for the quarter, compared to analysts’ expectations of $792.95 million. The firm’s revenue was down 30.1% on a year-over-year basis. Equities research analysts forecast that Ensco PLC will post $1.75 EPS for the current fiscal year.

A number of large investors recently modified their holdings of ESV. Sippican Capital Advisors raised its stake 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 worth $1,087,000 after buying an additional 4,054 shares in the last quarter. Nationwide Fund Advisors raised its stake 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 worth $1,116,000 after buying an additional 1,653 shares in the last quarter. GSA Capital Partners LLP raised its stake 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 worth $1,117,000 after buying an additional 8,526 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake 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 worth $1,146,000 after buying an additional 39,295 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake 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 worth $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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