Ensco Plc (ESV) Lowered to Sell at ValuEngine
ValuEngine lowered shares of Ensco Plc (NYSE:ESV) from a hold rating to a sell rating in a research report released on Wednesday morning.
Several other analysts have also issued reports on the company. BMO Capital Markets reiterated a hold rating and set a $4.75 target price on shares of Ensco Plc in a report on Tuesday, July 11th. Jefferies Group LLC set a $9.00 target price on Ensco Plc and gave the stock a hold rating in a report on Saturday, July 1st. Bank of America Corporation lowered Ensco Plc from a neutral rating to an underperform rating and dropped their target price for the stock from $7.00 to $5.00 in a report on Friday, June 30th. BidaskClub lowered Ensco Plc from a sell rating to a strong sell rating in a report on Thursday, June 22nd. Finally, Seaport Global Securities downgraded Ensco Plc from a neutral rating to a sell rating and lowered their price target for the stock from $6.50 to $4.00 in a research report on Wednesday, June 21st. Seven equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $9.79.
Shares of Ensco Plc (NYSE:ESV) opened at 5.25 on Wednesday. The company has a 50-day moving average price of $6.35 and a 200 day moving average price of $8.84. The stock has a market capitalization of $1.59 billion, a P/E ratio of 2.30 and a beta of 1.64. Ensco Plc has a 52 week low of $4.71 and a 52 week high of $12.04.
Ensco Plc (NYSE:ESV) last released its earnings results on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.06. Ensco Plc had a return on equity of 3.07% and a net margin of 28.32%. The business had revenue of $471.10 million for the quarter, compared to analyst estimates of $468.78 million. Analysts forecast that Ensco Plc will post ($0.24) earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of ESV. Nisa Investment Advisors LLC bought a new stake in shares of Ensco Plc during the first quarter worth about $297,000. Louisiana State Employees Retirement System increased its stake in shares of Ensco Plc by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 76,500 shares of the offshore drilling services provider’s stock worth $685,000 after buying an additional 1,600 shares in the last quarter. Fox Run Management L.L.C. increased its stake in shares of Ensco Plc by 14.0% in the first quarter. Fox Run Management L.L.C. now owns 20,300 shares of the offshore drilling services provider’s stock worth $182,000 after buying an additional 2,500 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Ensco Plc by 114.2% in the first quarter. Bank of Montreal Can now owns 285,780 shares of the offshore drilling services provider’s stock worth $2,558,000 after buying an additional 152,389 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Ensco Plc by 4.8% in the first quarter. Creative Planning now owns 13,135 shares of the offshore drilling services provider’s stock worth $118,000 after buying an additional 601 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.
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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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