Ensco PLC (ESV) Expected to Post FY2017 Earnings of $0.45 Per Share
Ensco PLC (NYSE:ESV) – Analysts at Capital One Financial Corp. cut their FY2017 earnings estimates for shares of Ensco PLC in a research report issued on Wednesday. Capital One Financial Corp. analyst J. Gibney now expects that the firm will post earnings of $0.45 per share for the year, down from their prior forecast of $0.46.
Several other research analysts have also recently commented on the company. FBR & Co lowered their target price on Ensco PLC from $25.00 to $9.00 and set a “market perform” rating for the company in a research note on Friday, October 28th. Clarkson Capital raised Ensco PLC from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 25th. BMO Capital Markets raised Ensco PLC from an “underperform” rating to a “market perform” rating and set a $8.00 price objective for the company in a research report on Monday, October 17th. They noted that the move was a valuation call. Jefferies Group reaffirmed a “hold” rating and set a $8.00 price objective (down from $10.00) on shares of Ensco PLC in a research report on Wednesday, September 28th. Finally, Evercore ISI reaffirmed a “buy” rating on shares of Ensco PLC in a research report on Thursday, September 22nd. 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 assigned a strong buy rating to the stock. Ensco PLC presently has an average rating of “Hold” and a consensus price target of $11.23.
Ensco PLC (NYSE:ESV) traded up 12.29% during mid-day trading on Monday, reaching $8.68. The company had a trading volume of 4,898,194 shares. Ensco PLC has a 12 month low of $6.50 and a 12 month high of $17.51. The company’s market capitalization is $2.62 billion. The firm’s 50 day moving average price is $8.30 and its 200-day moving average price is $8.85.
Ensco PLC (NYSE:ESV) last announced its quarterly earnings data on Wednesday, October 26th. The offshore drilling services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.15. Ensco PLC had a positive return on equity of 8.58% and a negative net margin of 52.28%. The firm earned $548 million during the quarter, compared to analysts’ expectations of $541.65 million. During the same period last year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was down 45.8% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, December 5th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, December 1st. Ensco PLC’s dividend payout ratio (DPR) is presently -0.53%.
Large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Ensco PLC by 44.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 197,484 shares of the offshore drilling services provider’s stock worth $1,679,000 after buying an additional 60,600 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Ensco PLC by 91.9% in the third quarter. Ameritas Investment Partners Inc. now owns 92,475 shares of the offshore drilling services provider’s stock worth $785,000 after buying an additional 44,293 shares in the last quarter. Fairfield Bush & CO. raised its position in shares of Ensco PLC by 6.1% in the third quarter. Fairfield Bush & CO. now owns 115,127 shares of the offshore drilling services provider’s stock worth $979,000 after buying an additional 6,628 shares in the last quarter. Afam Capital Inc. raised its position in shares of Ensco PLC by 23.1% in the third quarter. Afam Capital Inc. now owns 90,662 shares of the offshore drilling services provider’s stock worth $771,000 after buying an additional 17,002 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Ensco PLC during the third quarter worth $264,000. Hedge funds and other institutional investors own 87.81% 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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