News coverage about Ensco Plc (NYSE:ESV) has been trending somewhat positive this week, according to Alpha One. Alpha One, a division of Accern, ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ensco Plc earned a media sentiment score of 0.06 on Alpha One’s scale. Alpha One also assigned media headlines about the offshore drilling services provider an impact score of 91 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected AlphaOne Sentiment Analysis’s rankings:
- Trigg man charged in connection with Clarksville murder (ekosvoice.com)
- Somewhat Positive Press Coverage Extremely Likely to Impact Ensco Plc (ESV) Stock Price (americanbankingnews.com)
- Stock Focus: Checking the Numbers for Ensco plc (NYSE:ESV) – SKV News (skvnews.com)
- Ensco Plc (ESV) Earns News Impact Score of 0.34 (americanbankingnews.com)
Ensco Plc (NYSE:ESV) traded up 0.36% on Friday, reaching $8.32. The company had a trading volume of 8,095,767 shares. The firm has a market capitalization of $2.52 billion, a P/E ratio of 2.66 and a beta of 1.74. Ensco Plc has a 1-year low of $6.49 and a 1-year high of $12.36. The company’s 50-day moving average price is $8.79 and its 200 day moving average price is $9.47.
Ensco Plc (NYSE:ESV) last posted its quarterly earnings data on Monday, February 27th. The offshore drilling services provider reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.04. The firm earned $505 million during the quarter, compared to analysts’ expectations of $505.61 million. Ensco Plc had a negative net margin of 52.28% and a positive return on equity of 8.58%. The firm’s quarterly revenue was down 39.0% on a year-over-year basis. During the same quarter last year, the company posted ($10.64) EPS. On average, equities analysts forecast that Ensco Plc will post ($0.20) EPS for the current year.
A number of research firms have commented on ESV. Bank of America Corp raised Ensco Plc from a “neutral” rating to a “buy” rating and raised their price target for the company from $8.00 to $14.00 in a report on Monday, January 9th. BMO Capital Markets set a $9.00 price target on Ensco Plc and gave the company a “hold” rating in a report on Thursday, January 12th. Capital One Financial Corp. raised Ensco Plc from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 24th. Citigroup Inc raised Ensco Plc from a “neutral” rating to a “buy” rating and raised their price target for the company from $9.00 to $15.00 in a report on Wednesday, January 11th. Finally, Jefferies Group LLC raised their price target on Ensco Plc from $9.50 to $13.00 and gave the company a “hold” rating in a report on Monday, January 30th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $11.37.
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.
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