A number of research firms have changed their ratings and price targets for Ensco (NYSE: ESV):

  • 11/4/2018 – Ensco was given a new $9.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 11/2/2018 – Ensco had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 11/1/2018 – Ensco was given a new $12.00 price target on by analysts at Societe Generale. They now have a “buy” rating on the stock.
  • 10/31/2018 – Ensco was given a new $8.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “hold” rating on the stock.
  • 10/30/2018 – Ensco was upgraded by analysts at DNB Markets from a “sell” rating to a “hold” rating.
  • 10/21/2018 – Ensco had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $9.00 price target on the stock.
  • 10/17/2018 – Ensco was upgraded by analysts at Johnson Rice from an “accumulate” rating to a “buy” rating. They now have a $12.00 price target on the stock.
  • 10/13/2018 – Ensco is now covered by analysts at Cowen Inc. They set a “hold” rating and a $7.00 price target on the stock.
  • 10/12/2018 – Ensco was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $8.00 price target on the stock.
  • 10/12/2018 – Ensco was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating.
  • 10/10/2018 – Ensco was given a new $12.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 10/9/2018 – Ensco was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $11.00 price target on the stock.
  • 10/9/2018 – Ensco had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $9.00 price target on the stock.
  • 10/1/2018 – Ensco had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $8.00 price target on the stock.

Shares of NYSE:ESV traded up $0.05 on Monday, hitting $6.45. The stock had a trading volume of 2,647,397 shares, compared to its average volume of 13,917,451. Ensco Plc has a twelve month low of $4.10 and a twelve month high of $9.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.58 and a current ratio of 2.58. The company has a market capitalization of $2.80 billion, a PE ratio of -12.40 and a beta of 1.83.

Ensco (NYSE:ESV) last issued its earnings results on Monday, October 29th. The offshore drilling services provider reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.02. Ensco had a negative net margin of 36.53% and a negative return on equity of 5.98%. The company had revenue of $431.00 million for the quarter, compared to the consensus estimate of $424.66 million. During the same quarter in the previous year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts forecast that Ensco Plc will post -1.33 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Monday, December 3rd will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.62%. Ensco’s dividend payout ratio is presently -7.69%.

In other news, VP Steven Joseph Brady sold 4,500 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $6.22, for a total value of $27,990.00. Following the sale, the vice president now owns 314,864 shares in the company, valued at approximately $1,958,454.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Ensco by 6.9% in the second quarter. FMR LLC now owns 34,395,479 shares of the offshore drilling services provider’s stock valued at $249,712,000 after buying an additional 2,213,621 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ensco by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 30,453,455 shares of the offshore drilling services provider’s stock valued at $221,091,000 after buying an additional 368,448 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Ensco by 2.3% in the third quarter. BlackRock Inc. now owns 29,626,647 shares of the offshore drilling services provider’s stock valued at $250,048,000 after buying an additional 663,521 shares during the last quarter. Capital International Investors raised its holdings in shares of Ensco by 4.4% in the third quarter. Capital International Investors now owns 20,147,782 shares of the offshore drilling services provider’s stock valued at $170,047,000 after buying an additional 846,997 shares during the last quarter. Finally, Majedie Asset Management Ltd raised its holdings in shares of Ensco by 7.2% in the third quarter. Majedie Asset Management Ltd now owns 18,197,587 shares of the offshore drilling services provider’s stock valued at $153,588,000 after buying an additional 1,225,730 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.

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