Ensco PLC (NYSE:ESV) shares reached a new 52-week low on Thursday . The company traded as low as $7.16 and last traded at $7.30, with a volume of 5,407,879 shares changing hands. The stock had previously closed at $7.59.

A number of research analysts have weighed in on ESV shares. Citigroup Inc. increased their target price on Ensco PLC from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, August 25th. DNB Markets downgraded Ensco PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Bank of America Corp. started coverage on Ensco PLC in a research note on Sunday, June 19th. They issued an “underperform” rating and a $10.53 price objective on the stock. Zacks Investment Research downgraded Ensco PLC from a “hold” rating to a “strong sell” rating in a research note on Monday, July 18th. Finally, Susquehanna raised Ensco PLC from a “negative” rating to a “neutral” rating in a research note on Tuesday, June 28th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.20.

The firm’s market capitalization is $2.21 billion. The stock’s 50-day moving average price is $8.85 and its 200-day moving average price is $9.91.

Ensco PLC (NYSE:ESV) last released its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $1.51. During the same period in the previous year, the company posted $1.11 EPS. The business earned $910 million during the quarter, compared to analyst estimates of $746.55 million. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. On average, equities analysts expect that Ensco PLC will post $1.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.01 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.53%.

A hedge fund recently raised its stake in Ensco PLC stock. Dimensional Fund Advisors LP boosted its position in shares of Ensco PLC (NYSE:ESV) by 43.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor 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 approximately 0.08% of Ensco PLC worth $2,743,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.