Ensco PLC (ESV) to Issue Quarterly Dividend of $0.01 on December 16th
Ensco PLC (NYSE:ESV) announced a quarterly dividend on Tuesday, November 8th. Stockholders of record on Monday, December 5th will be paid a dividend of 0.01 per share by the offshore drilling services provider on Friday, December 16th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Thursday, December 1st.
Shares of Ensco PLC (NYSE:ESV) opened at 7.73 on Wednesday. Ensco PLC has a one year low of $6.50 and a one year high of $17.51. The stock has a 50 day moving average of $8.30 and a 200-day moving average of $8.85. The company’s market capitalization is $2.33 billion.
Ensco PLC (NYSE:ESV) last issued its quarterly earnings data on Wednesday, October 26th. The offshore drilling services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.15. Ensco PLC had a negative net margin of 52.28% and a positive return on equity of 8.58%. The firm had revenue of $548 million for the quarter, compared to analysts’ expectations of $541.65 million. During the same quarter in the prior year, the business earned $0.78 EPS. The business’s quarterly revenue was down 45.8% on a year-over-year basis. On average, equities analysts expect that Ensco PLC will post $1.65 earnings per share for the current year.
A number of equities research analysts have commented on the stock. Nomura set a $6.00 target price on shares of Ensco PLC and gave the stock a “sell” rating in a research note on Tuesday, August 16th. Scotia Howard Weill assumed coverage on shares of Ensco PLC in a research note on Wednesday, September 14th. They set an “outperform” rating and a $10.00 target price on the stock. Clarkson Capital upgraded shares of Ensco PLC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 25th. BMO Capital Markets upgraded shares of Ensco PLC from an “underperform” rating to a “market perform” rating and set a $8.00 target price on the stock in a research note on Monday, October 17th. They noted that the move was a valuation call. Finally, Jefferies Group restated a “hold” rating and set a $8.00 target price (down previously from $10.00) on shares of Ensco PLC in a research note on Wednesday, September 28th. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $11.23.
Institutional investors have recently bought and sold shares of the stock. BlueMountain Capital Management LLC bought a new position in Ensco PLC during the second quarter valued at about $208,000. American International Group Inc. raised its position in Ensco PLC by 7.4% in the second quarter. American International Group Inc. now owns 869,299 shares of the offshore drilling services provider’s stock valued at $8,441,000 after buying an additional 60,145 shares during the period. Sei Investments Co. raised its position in Ensco PLC by 48.2% in the second quarter. Sei Investments Co. now owns 44,960 shares of the offshore drilling services provider’s stock valued at $437,000 after buying an additional 14,619 shares during the period. Comerica Bank raised its position in Ensco PLC by 208.1% in the second quarter. Comerica Bank now owns 229,787 shares of the offshore drilling services provider’s stock valued at $2,063,000 after buying an additional 155,198 shares during the period. Finally, Alliancebernstein L.P. raised its position in Ensco PLC by 18.3% in the second quarter. Alliancebernstein L.P. now owns 196,714 shares of the offshore drilling services provider’s stock valued at $1,910,000 after buying an additional 30,445 shares during the period. Institutional investors own 87.81% of the company’s stock.
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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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