Ensco Plc (ESV) Short Interest Update
Ensco Plc (NYSE:ESV) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 71,303,853 shares, a decline of 19.3% from the October 13th total of 88,320,926 shares. Approximately 16.4% of the shares of the stock are short sold. Based on an average trading volume of 18,161,215 shares, the short-interest ratio is presently 3.9 days.
ESV has been the subject of a number of research reports. ValuEngine upgraded shares of Ensco Plc from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. BMO Capital Markets lifted their target price on shares of Ensco Plc from $4.75 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. UBS AG upgraded shares of Ensco Plc from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $6.00 to $8.00 in a report on Monday, September 25th. Nordea Equity Research reiterated a “buy” rating and set a $8.00 price target on shares of Ensco Plc in a report on Saturday, September 30th. Finally, Deutsche Bank AG initiated coverage on shares of Ensco Plc in a report on Tuesday, October 10th. They set a “hold” rating and a $6.00 price target for the company. Six analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $8.47.
Shares of Ensco Plc (NYSE:ESV) opened at $5.45 on Friday. 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 52 week low of $4.10 and a 52 week high of $12.04.
Ensco Plc (NYSE:ESV) last released its quarterly earnings data on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.11. Ensco Plc had a negative net margin of 3.04% and a negative return on equity of 0.37%. The company had revenue of $460.00 million during the quarter, compared to the consensus estimate of $457.79 million. During the same period in the previous year, the firm earned $0.28 earnings per share. Ensco Plc’s revenue for the quarter was down 16.1% on a year-over-year basis. research analysts expect that Ensco Plc will post -0.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be paid 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 0.73%. Ensco Plc’s dividend payout ratio is currently -17.39%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ESV. Private Advisor Group LLC purchased a new stake in Ensco Plc during the third quarter worth approximately $100,000. GWM Advisors LLC purchased a new stake in Ensco Plc during the second quarter worth approximately $107,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Ensco Plc during the second quarter worth approximately $116,000. Harvest Management LLC purchased a new stake in Ensco Plc during the third quarter worth approximately $119,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Ensco Plc during the third quarter worth approximately $121,000. Institutional investors own 91.09% 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.
Receive News & Ratings for Ensco Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco Plc and related companies with MarketBeat.com's FREE daily email newsletter.