Ensco PLC (NYSE: ESV) recently received a number of ratings updates from brokerages and research firms:

  • 9/22/2016 – Ensco PLC was upgraded by analysts at Clarkson Capital from a “sell” rating to a “neutral” rating.
  • 9/22/2016 – Ensco PLC had its “buy” rating reaffirmed by analysts at Evercore ISI.
  • 9/21/2016 – Ensco PLC was upgraded by analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating. They now have a $10.50 price target on the stock.
  • 9/19/2016 – Ensco PLC was upgraded by analysts at Zephirin Group from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock.
  • 9/15/2016 – Ensco PLC had its “sector outperform” rating reaffirmed by analysts at Howard Weil.
  • 9/14/2016 – Ensco PLC is now covered by analysts at Howard Weil. They set an “outperform” rating and a $10.00 price target on the stock.
  • 9/14/2016 – Ensco PLC is now covered by analysts at Scotia Howard Weill. They set an “outperform” rating and a $10.00 price target on the stock.
  • 9/14/2016 – Ensco PLC had its “sector outperform” rating reaffirmed by analysts at Scotiabank. They now have a $10.00 price target on the stock.
  • 8/25/2016 – Ensco PLC had its price target raised by analysts at Citigroup Inc. from $9.00 to $11.00. They now have a “neutral” rating on the stock.
  • 8/16/2016 – Ensco PLC was given a new $6.00 price target on by analysts at Nomura. They now have a “sell” rating on the stock.
  • 8/11/2016 – Ensco PLC had its “hold” rating reaffirmed by analysts at Jefferies Group.
  • 8/5/2016 – Ensco PLC had its “hold” rating reaffirmed by analysts at Jefferies Group.
  • 8/3/2016 – Ensco PLC was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Oil and natural gas driller Ensco plc reported stable numbers in the second quarter of 2016 beating both the revenue and profit estimates. However as the company is expected to experience increased downtime in 2016, we believe it will impact utilization rates adversely in the coming quarters and thus, lower revenues. Additionally, the outlook for floater demand in the future looks duller than ever with depressed oil prices. Moreover, as crude remains weak, top energy companies are expected to cut spending (particularly on the costly upstream projects) due to lower profit margins. This, in turn, means less work for contract drillers like Ensco.”
  • 7/29/2016 – Ensco PLC had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $10.00 price target on the stock.

Ensco PLC (NYSE:ESV) traded down 2.744% on Friday, hitting $7.265. 9,309,367 shares of the company were exchanged. The firm’s market cap is $2.19 billion. The stock has a 50 day moving average price of $7.90 and a 200 day moving average price of $9.71. Ensco PLC has a one year low of $6.50 and a one year high of $18.93.

Ensco PLC (NYSE:ESV) last posted its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $1.51. The business had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. On average, equities research analysts forecast that Ensco PLC will post $1.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.54%. Ensco PLC’s payout ratio is currently -0.60%.

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.

5 Day Chart for NYSE:ESV

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