Ensco PLC (ESV) Trading 6.5% Higher
Ensco PLC (NYSE:ESV)’s share price rose 6.5% on Monday . The stock traded as high as $9.00 and last traded at $8.97, with a volume of 3,248,200 shares changing hands. The stock had previously closed at $8.42.
ESV has been the subject of several research reports. Johnson Rice raised Ensco PLC from a “hold” rating to an “accumulate” rating in a report on Monday, June 13th. Evercore ISI reissued a “buy” rating on shares of Ensco PLC in a report on Wednesday, June 29th. Credit Suisse Group AG reissued a “hold” rating and set a $10.00 price objective on shares of Ensco PLC in a report on Friday, July 29th. Zephirin Group reissued a “hold” rating and set a $12.00 price objective on shares of Ensco PLC in a report on Thursday, May 5th. Finally, Jefferies Group reissued a “hold” rating on shares of Ensco PLC in a report on Sunday, July 10th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.10.
The firm’s market cap is $2.69 billion. The stock has a 50 day moving average of $9.41 and a 200-day moving average of $9.97.
Ensco PLC (NYSE:ESV) last issued its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.51. The firm earned $910 million during the quarter, compared to the consensus estimate of $746.55 million. The company’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 EPS. Equities analysts predict that Ensco PLC will post $1.53 EPS for the current fiscal year.
A number of hedge funds and institutional investors have recently modified their holdings of ESV. Nationwide Fund Advisors increased 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 increased its position in 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 during the period. Aberdeen Asset Management PLC UK increased its position 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 valued at $1,415,000 after buying an additional 7,218 shares during the period. Systematic Financial Management LP bought a new position in Ensco PLC during the fourth quarter valued at approximately $1,724,000. Finally, Andra AP fonden increased its position in Ensco PLC by 69.4% in the fourth quarter. Andra AP fonden now owns 152,300 shares of the offshore drilling services provider’s stock valued at $2,344,000 after buying an additional 62,400 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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