Ensco PLC (ESV) Sets New 1-Year Low at $7.16
Ensco PLC (NYSE:ESV)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.16 and last traded at $7.30, with a volume of 5,407,879 shares. The stock had previously closed at $7.59.
ESV has been the subject of a number of research reports. Johnson Rice upgraded Ensco PLC from a “hold” rating to an “accumulate” rating in a report on Monday, June 13th. Evercore ISI restated a “buy” rating on shares of Ensco PLC in a report on Wednesday, June 29th. Jefferies Group restated a “hold” rating on shares of Ensco PLC in a report on Sunday, July 10th. Zacks Investment Research upgraded Ensco PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG restated a “hold” rating and set a $10.00 target price on shares of Ensco PLC in a report on Friday, July 29th. Eight investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Ensco PLC presently has a consensus rating of “Hold” and a consensus target price of $12.20.
The stock has a 50-day moving average price of $8.68 and a 200-day moving average price of $9.87. The stock’s market cap is $2.25 billion.
Ensco PLC (NYSE:ESV) last issued its quarterly earnings data on Wednesday, July 27th. The offshore drilling services provider reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.51. The business earned $910 million during the quarter, compared to the consensus estimate of $746.55 million. During the same period last year, the firm earned $1.11 EPS. The business’s quarterly revenue was down 14.1% on a year-over-year basis. Analysts predict that Ensco PLC will post $1.55 earnings per share for the current year.
The firm 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 0.54%. The ex-dividend date is Wednesday, August 31st.
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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