Ensco PLC (ESV) Upgraded at Goldman Sachs Group Inc.
Ensco PLC (NYSE:ESV) was upgraded by equities research analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a report released on Wednesday.
A number of other brokerages have also issued reports on ESV. Howard Weil initiated coverage on shares of Ensco PLC in a report on Wednesday, September 14th. They set an “outperform” rating and a $10.00 price objective for the company. Zacks Investment Research upgraded Ensco PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Jefferies Group reiterated a “hold” rating on shares of Ensco PLC in a research report on Sunday, July 10th. Evercore ISI reiterated a “buy” rating on shares of Ensco PLC in a research report on Wednesday, June 29th. Finally, Susquehanna upgraded Ensco PLC from a “negative” rating to a “neutral” rating in a research report on Tuesday, June 28th. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Ensco PLC presently has an average rating of “Hold” and an average price target of $11.92.
Ensco PLC (NYSE:ESV) opened at 6.64 on Wednesday. Ensco PLC has a 12 month low of $6.49 and a 12 month high of $18.93. The firm’s 50-day moving average is $7.97 and its 200-day moving average is $9.74. The stock’s market capitalization is $2.00 billion.
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 analysts’ consensus estimates of $0.53 by $1.51. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The business earned $910 million during the quarter, compared to analyst estimates of $746.55 million. During the same period last year, the firm posted $1.11 EPS. The company’s revenue was down 14.1% on a year-over-year basis. On average, equities analysts expect that Ensco PLC will post $1.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.60%. Ensco PLC’s dividend payout ratio is currently -0.60%.
Institutional investors have recently made changes to their positions in the stock. Sigma Planning Corp purchased a new position in shares of Ensco PLC during the second quarter valued at approximately $101,000. Shoker Investment Counsel Inc. raised its position in Ensco PLC by 1.1% in the second quarter. Shoker Investment Counsel Inc. now owns 10,496 shares of the offshore drilling services provider’s stock valued at $101,000 after buying an additional 111 shares during the period. Wealthsource Partners LLC bought a new position in Ensco PLC during the second quarter valued at about $111,000. Eqis Capital Management Inc. bought a new position in Ensco PLC during the second quarter valued at about $122,000. Finally, First Allied Advisory Services Inc. bought a new position in Ensco PLC during the second quarter valued at about $129,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.
Ensco PLC Company Profile
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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