An issue of Ensco Plc (NYSE:ESV) debt rose 1.8% against its face value during trading on Tuesday. The debt issue has a 5.75% coupon and will mature on October 1, 2044. The debt is now trading at $64.81 and was trading at $62.00 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its stock price.
Several analysts have recently commented on the stock. HSBC upgraded shares of Ensco from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Friday, March 8th. B. Riley lowered their target price on shares of Ensco from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Tuesday, March 5th. ValuEngine downgraded shares of Ensco from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Wells Fargo & Co restated a “buy” rating on shares of Ensco in a report on Friday, March 1st. Finally, Barclays set a $5.00 price objective on shares of Ensco and gave the stock a “sell” rating in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. Ensco currently has an average rating of “Hold” and a consensus price target of $7.33.
NYSE ESV traded down $0.10 during trading hours on Tuesday, reaching $4.38. 7,212,917 shares of the company were exchanged, compared to its average volume of 11,613,454. Ensco Plc has a 1 year low of $3.19 and a 1 year high of $9.51. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.48 and a current ratio of 2.48. The company has a market capitalization of $1.96 billion, a PE ratio of -3.27 and a beta of 2.17.
Ensco (NYSE:ESV) last posted its quarterly earnings data on Thursday, February 28th. The offshore drilling services provider reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). Ensco had a negative return on equity of 6.95% and a negative net margin of 37.51%. The company had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $404.69 million. During the same quarter last year, the business posted ($0.23) EPS. The business’s quarterly revenue was down 12.1% on a year-over-year basis. As a group, analysts forecast that Ensco Plc will post -1.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Monday, March 11th will be issued a dividend of $0.01 per share. The ex-dividend date is Friday, March 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.91%. Ensco’s dividend payout ratio (DPR) is presently -2.99%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Willis Investment Counsel increased its stake in shares of Ensco by 1.6% in the third quarter. Willis Investment Counsel now owns 1,190,620 shares of the offshore drilling services provider’s stock worth $10,049,000 after purchasing an additional 19,235 shares in the last quarter. Capital International Investors increased its stake 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 worth $170,047,000 after purchasing an additional 846,997 shares in the last quarter. Hosking Partners LLP increased its stake in shares of Ensco by 8.6% in the fourth quarter. Hosking Partners LLP now owns 2,528,562 shares of the offshore drilling services provider’s stock worth $9,002,000 after purchasing an additional 200,387 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Ensco by 459.5% in the third quarter. Tower Research Capital LLC TRC now owns 56,366 shares of the offshore drilling services provider’s stock worth $476,000 after purchasing an additional 46,292 shares in the last quarter. Finally, Capital Guardian Trust Co. increased its stake in shares of Ensco by 6.7% in the third quarter. Capital Guardian Trust Co. now owns 14,829,552 shares of the offshore drilling services provider’s stock worth $125,161,000 after purchasing an additional 935,572 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Ensco (ESV) Bonds Rise 1.8% During Trading” was originally reported by Zolmax and is the property of of Zolmax. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://zolmax.com/investing/ensco-esv-bonds-rise-1-8-during-trading/2975379.html.
Ensco Company Profile (NYSE:ESV)
Ensco Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its business through the following segments: Floaters, Jackups, and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service.
Featured Story: How to identify percentage decliners
Receive News & Ratings for Ensco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco and related companies with MarketBeat.com's FREE daily email newsletter.