Bank of America Corporation upgraded shares of ENSCO PLC (NYSE:ESV) from a neutral rating to a buy rating in a research report released on Monday. They currently have $14.00 price target on the offshore drilling services provider’s stock, up from their prior price target of $8.00.

ESV has been the topic of a number of other reports. Scotia Howard Weill assumed coverage on shares of ENSCO PLC in a research note on Wednesday, September 14th. They issued 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. Jefferies Group restated a hold rating and issued a $8.00 target price (down from $10.00) on shares of ENSCO PLC in a research note on Wednesday, September 28th. Finally, FBR & Co dropped their target price on shares of ENSCO PLC from $25.00 to $9.00 and set a market perform rating on the stock in a research note on Friday, October 28th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $10.66.

ENSCO PLC (NYSE:ESV) opened at 11.58 on Monday. ENSCO PLC has a one year low of $6.50 and a one year high of $13.04. The stock’s market capitalization is $3.49 billion. The company has a 50-day moving average of $10.28 and a 200-day moving average of $8.90.

ENSCO PLC (NYSE:ESV) last issued its earnings results on Wednesday, October 26th. The offshore drilling services provider reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.15. The business had revenue of $548 million for the quarter, compared to the consensus estimate of $541.65 million. ENSCO PLC had a negative net margin of 52.28% and a positive return on equity of 8.58%. The company’s revenue for the quarter was down 45.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts forecast that ENSCO PLC will post $1.60 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This report was published by Daily Political and is owned by of Daily Political. If you are viewing this report on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this report can be accessed at http://www.dailypolitical.com/2017/01/13/ensco-plc-esv-upgraded-by-bank-of-america-corporation-to-buy.html.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Monday, December 5th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $0.04 annualized dividend and a dividend yield of 0.35%. ENSCO PLC’s dividend payout ratio (DPR) is presently -0.53%.

Several hedge funds and other institutional investors have recently modified their holdings of ESV. Shoker Investment Counsel Inc. boosted its position in shares of 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. HighTower Advisors LLC boosted its position in shares of ENSCO PLC by 0.7% in the third quarter. HighTower Advisors LLC now owns 24,143 shares of the offshore drilling services provider’s stock valued at $205,000 after buying an additional 157 shares during the period. State Treasurer State of Michigan boosted its position in shares of ENSCO PLC by 0.3% in the third quarter. State Treasurer State of Michigan now owns 142,300 shares of the offshore drilling services provider’s stock valued at $1,210,000 after buying an additional 400 shares during the period. Oakbrook Investments LLC boosted its position in shares of ENSCO PLC by 1.7% in the third quarter. Oakbrook Investments LLC now owns 30,700 shares of the offshore drilling services provider’s stock valued at $261,000 after buying an additional 500 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of ENSCO PLC by 3.7% in the third quarter. Advisor Group Inc. now owns 16,606 shares of the offshore drilling services provider’s stock valued at $132,000 after buying an additional 592 shares during the period. 87.77% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:ESV

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.