A number of firms have modified their ratings and price targets on shares of Ensco Plc (NYSE: ESV) recently:

  • 11/1/2017 – Ensco Plc had its “neutral” rating reaffirmed by analysts at B. Riley.
  • 10/30/2017 – Ensco Plc was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ensco’s pricing chart is unimpressive and reflects weaknesses over the period of last three months. The company lost 1.6%, underperforming the industry’s 1.4% increase. Ensco’s third quarter earnings and revenue both declined year over year  mainly due to lower day rates from floaters and jackups, which was partially offset by higher jackup utilization. Since 2016, cash flow from core operations for Ensco has been declining steeply with no sign of improvement. Also, the company’s balance sheet started to show declining cash balances reflecting weak financials. We believe that reduced rig operating days following lower utilization of floaters continue to hurt Ensco’s net cashflow. Considering these factors, we prefer to remain in the sidelines and wait for a better entry point”
  • 10/29/2017 – Ensco Plc was given a new $6.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 10/27/2017 – Ensco Plc had its price target lowered by analysts at FBR & Co from $9.00 to $6.00. They now have a “neutral” rating on the stock.
  • 10/24/2017 – Ensco Plc was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ensco’s prospects look bright as the company has been able to clinch new orders in spite of the ongoing commodity price volatility. This is clearly reflected in its huge project backlog.  Additionally, merger with Atwood Oceanics has been completed by the company. This will bring together two leading offshore drillers with premium assets that cover the world’s most prolific basins. Ensco’s impressive balance sheet and sufficient liquidity should help it address operational or corporate needs. Despite, these positives, cash flow from core operations for Ensco has been declining steeply with no sign of improvement since 2016. Eventually, the company is paying dividend yield much lesser than industry. All those weaknesses are reflected in Ensco’s unimpressive pricing chart snapshot of the last three months.”
  • 10/22/2017 – Ensco Plc had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $6.10 price target on the stock.
  • 10/19/2017 – Ensco Plc had its “hold” rating reaffirmed by analysts at FBR & Co.
  • 10/19/2017 – Ensco Plc is now covered by analysts at . They set a “buy” rating and a $7.30 price target on the stock.
  • 10/18/2017 – Ensco Plc was given a new $4.00 price target on by analysts at Cowen and Company. They now have a “hold” rating on the stock.
  • 10/17/2017 – Ensco Plc was given a new $5.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 10/13/2017 – Ensco Plc is now covered by analysts at Goldman Sachs Group, Inc. (The). They set a “buy” rating and a $8.00 price target on the stock.
  • 10/12/2017 – Ensco Plc was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Since 2016, cash flow from core operations for Ensco has been declining steeply with no sign of improvement. Also, the company’s balance sheet started to show declining cash balances reflecting weak financials. We believe that reduced rig operating days following lower utilization of floaters continues to hurt Ensco’s net cashflow. Average dayrates for the company’s rigs also deteriorated during second quarter, supported deteriorating cashflow. Eventually, the company is paying dividend yield much lesser than Zacks Oil Drilling industry. All those weaknesses are reflected in Ensco’s unimpressive pricing chart snapshot. Over the past year, the company fell 33.1%, underperforming the industry’s 22.4% decline.”
  • 10/10/2017 – Ensco Plc is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $6.00 price target on the stock.
  • 10/2/2017 – Ensco Plc was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/30/2017 – Ensco Plc had its “buy” rating reaffirmed by analysts at Nordea Equity Research. They now have a $8.00 price target on the stock.
  • 9/25/2017 – Ensco Plc was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating. They now have a $8.00 price target on the stock, up previously from $6.00.

Shares of Ensco Plc (NYSE ESV) traded down $0.35 on Tuesday, hitting $5.90. 15,532,300 shares of the stock were exchanged, compared to its average volume of 14,876,503. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.58. Ensco Plc has a 1-year low of $4.10 and a 1-year high of $12.04.

Ensco Plc (NYSE:ESV) last announced its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.11. The business had revenue of $460.00 million during the quarter, compared to the consensus estimate of $457.79 million. Ensco Plc had a negative net margin of 3.04% and a negative return on equity of 0.37%. The business’s revenue was down 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS. equities research analysts forecast that Ensco Plc will post -0.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, December 1st. This represents a $0.04 annualized dividend and a yield of 0.68%. Ensco Plc’s dividend payout ratio (DPR) is currently -21.05%.

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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