Ensco Plc (NYSE:ESV) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other research firms have also recently commented on ESV. Jefferies Group LLC restated a “hold” rating and set a $11.00 target price (down previously from $11.50) on shares of Ensco Plc in a research note on Tuesday, April 11th. Barclays PLC restated a “sell” rating and set a $8.00 target price on shares of Ensco Plc in a research note on Thursday, April 27th. Tudor Pickering began coverage on shares of Ensco Plc in a research note on Thursday, March 23rd. They set a “hold” rating on the stock. Scotiabank set a $13.00 target price on shares of Ensco Plc and gave the stock a “buy” rating in a research note on Wednesday, March 22nd. Finally, Clarkson Capital upgraded shares of Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Tuesday, May 30th. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Ensco Plc has a consensus rating of “Hold” and a consensus price target of $9.63.

Ensco Plc (NYSE ESV) opened at 5.46 on Wednesday. Ensco Plc has a 52 week low of $4.71 and a 52 week high of $12.04. The stock has a market cap of $1.66 billion, a PE ratio of 2.40 and a beta of 1.64. The company’s 50-day moving average is $5.51 and its 200 day moving average is $8.32.

Ensco Plc (NYSE:ESV) last issued its quarterly earnings data on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. Ensco Plc had a net margin of 28.32% and a return on equity of 3.07%. The firm had revenue of $471.10 million for the quarter, compared to analysts’ expectations of $468.78 million. On average, analysts expect that Ensco Plc will post ($0.26) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ZWJ Investment Counsel Inc. raised its position in Ensco Plc by 1.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 11,635 shares of the offshore drilling services provider’s stock worth $104,000 after buying an additional 180 shares during the period. Creative Planning raised its position in 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 during the period. First Manhattan Co. raised its position in Ensco Plc by 72.6% in the first quarter. First Manhattan Co. now owns 14,260 shares of the offshore drilling services provider’s stock worth $121,000 after buying an additional 6,000 shares during the period. Tyers Asset Management LLC raised its position in Ensco Plc by 2.7% in the first quarter. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider’s stock worth $123,000 after buying an additional 364 shares during the period. Finally, HRT Financial LLC acquired a new position in Ensco Plc during the first quarter worth $126,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Ensco Plc

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.

Analyst Recommendations for Ensco Plc (NYSE:ESV)

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