Ensco PLC (ESV) Trading Down 2.4%
Ensco PLC (NYSE:ESV) was down 2.4% during mid-day trading on Tuesday . The company traded as low as $7.78 and last traded at $7.79, with a volume of 2,085,474 shares. The stock had previously closed at $7.98.
A number of equities research analysts have issued reports on ESV shares. Johnson Rice upgraded shares of 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. Jefferies Group reiterated a “hold” rating on shares of Ensco PLC in a research report on Sunday, July 10th. Zephirin Group reiterated a “hold” rating and issued a $12.00 target price on shares of Ensco PLC in a research report on Thursday, May 5th. Finally, Zacks Investment Research upgraded shares of Ensco PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Ensco PLC currently has an average rating of “Hold” and an average price target of $12.20.
The stock’s market capitalization is $2.17 billion. The stock’s 50-day moving average is $8.85 and its 200 day moving average is $9.91.
Ensco PLC (NYSE:ESV) last announced its quarterly earnings data on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $1.51. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The firm earned $910 million during the quarter, compared to the consensus estimate of $746.55 million. The company’s revenue was down 14.1% on a year-over-year basis. On average, analysts predict that Ensco PLC will post $1.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, August 31st.
A hedge fund recently raised its stake in Ensco PLC stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Ensco PLC (NYSE:ESV) by 95.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 71,300 shares of the offshore drilling services provider’s stock after buying an additional 34,750 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Ensco PLC were worth $1,097,000 as of its most recent filing with the SEC.
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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