Ensco Plc (ESV) Receives Consensus Rating of “Hold” from Analysts

Share on StockTwits

Ensco Plc (NYSE:ESV) has been assigned an average rating of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.00.

Several research analysts recently weighed in on the company. Citigroup assumed coverage on Ensco in a research report on Thursday, April 11th. They issued a “neutral” rating on the stock. ValuEngine lowered Ensco from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley assumed coverage on Ensco in a research report on Tuesday, April 16th. They issued an “overweight” rating and a $25.00 target price on the stock. B. Riley cut their target price on Ensco from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 5th. Finally, Piper Jaffray Companies set a $16.00 target price on Ensco and gave the stock a “hold” rating in a research report on Tuesday, April 23rd.

Shares of ESV traded down $0.89 during trading hours on Thursday, hitting $12.34. The stock had a trading volume of 279,330 shares, compared to its average volume of 5,781,235. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.53 billion, a P/E ratio of -2.31 and a beta of 2.09. Ensco has a 12-month low of $12.76 and a 12-month high of $38.04.

Ensco (NYSE:ESV) last issued its earnings results on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) earnings per share for the quarter, topping the consensus estimate of ($1.79) by $0.10. The business had revenue of $405.90 million for the quarter, compared to analyst estimates of $405.12 million. Ensco had a negative return on equity of 6.95% and a negative net margin of 37.51%. The business’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the company posted ($0.32) EPS. Sell-side analysts predict that Ensco will post -5.94 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in ESV. Bank of New York Mellon Corp raised its position in Ensco by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 5,788,929 shares of the offshore drilling services provider’s stock valued at $48,858,000 after purchasing an additional 108,476 shares during the period. The Manufacturers Life Insurance Company raised its position in Ensco by 4.5% in the third quarter. The Manufacturers Life Insurance Company now owns 714,660 shares of the offshore drilling services provider’s stock valued at $6,031,000 after purchasing an additional 31,032 shares during the period. Verition Fund Management LLC purchased a new position in Ensco in the third quarter valued at about $386,000. Kentucky Retirement Systems acquired a new stake in shares of Ensco during the third quarter valued at about $1,103,000. Finally, Key Square Capital Management LLC acquired a new stake in shares of Ensco during the third quarter valued at about $1,940,000.

About Ensco

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: What is the Moving Average Convergence Divergence (MACD) oscillator?

Analyst Recommendations for Ensco (NYSE:ESV)

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.



Latest News

BidaskClub Lowers The Ensign Group  to Hold
BidaskClub Lowers The Ensign Group to Hold
Chardan Capital Reiterates $20.00 Price Target for La Jolla Pharmaceutical
Chardan Capital Reiterates $20.00 Price Target for La Jolla Pharmaceutical
Virtus Investment Partners  Downgraded by ValuEngine
Virtus Investment Partners Downgraded by ValuEngine
Cheesecake Factory  Rating Lowered to Sell at BidaskClub
Cheesecake Factory Rating Lowered to Sell at BidaskClub
Insider Selling: Diamondback Energy Inc  VP Sells $536,400.00 in Stock
Insider Selling: Diamondback Energy Inc VP Sells $536,400.00 in Stock
Insider Selling: Gran Colombia Gold Corp  Senior Officer Sells C$836,403.50 in Stock
Insider Selling: Gran Colombia Gold Corp Senior Officer Sells C$836,403.50 in Stock


 
© 2006-2019 Zolmax.