Q2 2017 EPS Estimates for Ensco PLC Decreased by Analyst (ESV)
Ensco PLC (NYSE:ESV) – Investment analysts at Seaport Global Securities reduced their Q2 2017 EPS estimates for Ensco PLC in a research report issued to clients and investors on Friday. Seaport Global Securities analyst M. Brown now anticipates that the brokerage will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.13. Seaport Global Securities also issued estimates for Ensco PLC’s Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.02 EPS and FY2017 earnings at $0.44 EPS.
Several other brokerages have also recently issued reports on ESV. Howard Weil started coverage on shares of Ensco PLC in a report on Wednesday, September 14th. They issued an “outperform” rating and a $10.00 target price on the stock. Zacks Investment Research upgraded shares of Ensco PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Goldman Sachs Group Inc. upgraded shares of Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a report on Wednesday, September 21st. Jefferies Group reiterated a “hold” rating on shares of Ensco PLC in a report on Sunday, July 10th. Finally, Clarkson Capital upgraded shares of Ensco PLC from a “sell” rating to a “neutral” rating in a report on Thursday, September 22nd. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Ensco PLC currently has an average rating of “Hold” and a consensus target price of $11.61.
Ensco PLC (NYSE:ESV) traded up 2.302% during mid-day trading on Monday, hitting $8.665. 953,446 shares of the stock traded hands. Ensco PLC has a 52-week low of $6.50 and a 52-week high of $18.93. The firm’s 50-day moving average is $7.72 and its 200 day moving average is $9.35. The firm’s market cap is $2.61 billion.
Ensco PLC (NYSE:ESV) last released its quarterly earnings data on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $910 million for the quarter, compared to the consensus estimate of $746.55 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The business’s revenue was down 14.1% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sigma Planning Corp acquired a new position in Ensco PLC during the second quarter valued at $101,000. Shoker Investment Counsel Inc. increased 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 last quarter. Wealthsource Partners LLC acquired a new position in Ensco PLC during the second quarter valued at $111,000. Eqis Capital Management Inc. acquired a new position in Ensco PLC during the second quarter valued at $122,000. Finally, First Allied Advisory Services Inc. acquired a new position in Ensco PLC during the second quarter valued at $129,000. Institutional investors and hedge funds own 85.79% of the company’s stock.
About Ensco PLC
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.
Receive News & Ratings for Ensco PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco PLC and related companies with MarketBeat.com's FREE daily email newsletter.