Ensco Plc (NYSE:ESV) – Equities research analysts at Jefferies Group increased their FY2017 EPS estimates for Ensco in a research note issued to investors on Wednesday. Jefferies Group analyst E. Royes now forecasts that the offshore drilling services provider will post earnings per share of ($0.45) for the year, up from their previous forecast of ($0.46). Jefferies Group has a “Hold” rating and a $6.00 price objective on the stock. Jefferies Group also issued estimates for Ensco’s FY2019 earnings at ($0.95) EPS and FY2020 earnings at ($0.55) EPS.

A number of other brokerages have also weighed in on ESV. BMO Capital Markets set a $5.00 price objective on Ensco and gave the company a “hold” rating in a research note on Tuesday, October 17th. B. Riley restated a “neutral” rating on shares of Ensco in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Ensco from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Cowen set a $6.00 price objective on Ensco and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, Susquehanna Bancshares set a $7.00 price objective on Ensco and gave the company a “hold” rating in a research note on Friday, January 12th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $7.52.

Shares of Ensco (ESV) opened at $4.92 on Friday. Ensco has a 12 month low of $4.10 and a 12 month high of $11.26. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2,937.69, a P/E ratio of -25.89 and a beta of 1.74.

Several institutional investors and hedge funds have recently modified their holdings of ESV. LS Investment Advisors LLC lifted its holdings in shares of Ensco by 41.7% in the 4th quarter. LS Investment Advisors LLC now owns 33,905 shares of the offshore drilling services provider’s stock worth $200,000 after purchasing an additional 9,970 shares during the last quarter. Creative Planning lifted its holdings in shares of Ensco by 70.5% in the 4th quarter. Creative Planning now owns 24,127 shares of the offshore drilling services provider’s stock worth $143,000 after purchasing an additional 9,980 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Ensco by 46.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 33,031 shares of the offshore drilling services provider’s stock worth $197,000 after purchasing an additional 10,493 shares during the last quarter. Wright Investors Service Inc. lifted its holdings in shares of Ensco by 63.0% in the 4th quarter. Wright Investors Service Inc. now owns 27,587 shares of the offshore drilling services provider’s stock worth $163,000 after purchasing an additional 10,660 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ensco by 87.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,734 shares of the offshore drilling services provider’s stock worth $146,000 after purchasing an additional 11,514 shares during the last quarter. Institutional investors own 76.80% of the company’s stock.

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Ensco 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.

Earnings History and Estimates for Ensco (NYSE:ESV)

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