Ensco PLC (ESV) Trading 2.7% Higher
Ensco PLC (NYSE:ESV) shares traded up 2.7% during mid-day trading on Monday . The company traded as high as $8.05 and last traded at $8.01, with a volume of 2,935,419 shares changing hands. The stock had previously closed at $7.80.
A number of research analysts have recently issued reports on the stock. Jefferies Group reiterated a “hold” rating on shares of Ensco PLC in a report on Sunday, July 10th. Zephirin Group restated a “hold” rating and set a $12.00 price target on shares of Ensco PLC in a report on Thursday, May 5th. Zacks Investment Research upgraded shares of Ensco PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. JPMorgan Chase & Co. restated a “sell” rating and set a $9.00 price target on shares of Ensco PLC in a report on Monday, May 2nd. Finally, Johnson Rice upgraded shares of Ensco PLC from a “hold” rating to an “accumulate” rating in a report on Monday, June 13th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Ensco PLC currently has an average rating of “Hold” and an average price target of $12.20.
The company’s market capitalization is $2.41 billion. The company has a 50-day moving average price of $9.00 and a 200-day moving average price of $9.93.
Ensco PLC (NYSE:ESV) last posted its quarterly earnings data on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.51. The business earned $910 million during the quarter, compared to analysts’ expectations of $746.55 million. The business’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. Equities analysts expect that Ensco PLC will post $1.55 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Wednesday, August 31st.
A hedge fund recently raised its stake in Ensco PLC stock. Dimensional Fund Advisors LP raised its position in Ensco PLC (NYSE:ESV) by 43.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,204 shares of the offshore drilling services provider’s stock after buying an additional 54,370 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Ensco PLC worth $2,743,000 as of its most recent SEC filing.
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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