Capital One Financial Corporation Weighs in on Ensco Plc’s Q1 2018 Earnings (ESV)
Ensco Plc (NYSE:ESV) – Research analysts at Capital One Financial Corporation issued their Q1 2018 EPS estimates for shares of Ensco Plc in a research note issued on Thursday. Capital One Financial Corporation analyst J. Gibney anticipates that the offshore drilling services provider will earn ($0.06) per share for the quarter. Capital One Financial Corporation also issued estimates for Ensco Plc’s Q2 2018 earnings at ($0.12) EPS, Q3 2018 earnings at ($0.20) EPS and Q4 2018 earnings at ($0.23) EPS.
Ensco Plc (NYSE:ESV) last posted its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. The company had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. During the same period in the prior year, the business earned $2.04 earnings per share. Ensco Plc’s revenue for the quarter was down 49.7% compared to the same quarter last year. TRADEMARK VIOLATION NOTICE: This story was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/08/11/capital-one-financial-corporation-weighs-in-on-ensco-plcs-q1-2018-earnings-esv.html.
A number of other analysts also recently weighed in on the company. ValuEngine downgraded Ensco Plc from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BMO Capital Markets upped their price objective on Ensco Plc from $4.75 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. Jefferies Group LLC restated a “hold” rating and set a $6.00 price objective (down from $9.00) on shares of Ensco Plc in a research report on Tuesday, July 18th. Seaport Global Securities reiterated a “sell” rating on shares of Ensco Plc in a research report on Wednesday, July 12th. Finally, Bank of America Corporation downgraded Ensco Plc from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $7.00 to $5.00 in a research report on Friday, June 30th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.64.
Ensco Plc (ESV) traded up 3.9663% during midday trading on Friday, hitting $4.6265. The stock had a trading volume of 9,534,769 shares. The firm has a 50-day moving average price of $5.22 and a 200-day moving average price of $7.72. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 28.9156 and a beta of 1.64. Ensco Plc has a 1-year low of $4.33 and a 1-year high of $12.04.
Several hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its position in Ensco Plc by 938.6% in the second quarter. GSA Capital Partners LLP now owns 117,275 shares of the offshore drilling services provider’s stock valued at $605,000 after buying an additional 105,983 shares during the period. Van ECK Associates Corp boosted its position in Ensco Plc by 22.1% in the second quarter. Van ECK Associates Corp now owns 4,488,985 shares of the offshore drilling services provider’s stock valued at $23,163,000 after buying an additional 812,823 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in Ensco Plc during the second quarter valued at $3,819,000. ProShare Advisors LLC boosted its position in Ensco Plc by 41.9% in the second quarter. ProShare Advisors LLC now owns 76,066 shares of the offshore drilling services provider’s stock valued at $393,000 after buying an additional 22,444 shares during the last quarter. Finally, BlueMountain Capital Management LLC boosted its position in Ensco Plc by 66.4% in the second quarter. BlueMountain Capital Management LLC now owns 799,721 shares of the offshore drilling services provider’s stock valued at $4,127,000 after buying an additional 319,031 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.
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.
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