Seaport Global Securities reiterated their sell rating on shares of Ensco Plc (NYSE:ESV) in a research note published on Wednesday, July 12th. Seaport Global Securities also issued estimates for Ensco Plc’s Q2 2017 earnings at ($0.11) EPS, Q3 2017 earnings at ($0.03) EPS, Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.21) EPS, Q1 2018 earnings at ($0.05) EPS, Q2 2018 earnings at ($0.11) EPS, Q3 2018 earnings at ($0.18) EPS, Q4 2018 earnings at ($0.11) EPS, FY2018 earnings at ($0.46) EPS, Q1 2019 earnings at ($0.18) EPS, Q2 2019 earnings at ($0.19) EPS and FY2019 earnings at ($0.79) EPS.
A number of other equities analysts have also commented on ESV. Jefferies Group LLC set a $9.00 price objective on Ensco Plc and gave the stock a hold rating in a research note on Saturday, July 1st. BMO Capital Markets restated a hold rating and set a $4.75 price objective on shares of Ensco Plc in a research note on Tuesday, July 11th. BidaskClub lowered Ensco Plc from a sell rating to a strong sell rating in a research note on Thursday, June 22nd. ValuEngine lowered Ensco Plc from a hold rating to a sell rating in a research note on Wednesday, July 12th. Finally, Tudor Pickering initiated coverage on Ensco Plc in a research note on Thursday, March 23rd. They issued a hold rating on the stock. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $9.64.
Ensco Plc (NYSE:ESV) traded down 3.40% during mid-day trading on Wednesday, hitting $4.83. The stock had a trading volume of 15,143,531 shares. Ensco Plc has a one year low of $4.71 and a one year high of $12.04. The stock’s 50 day moving average price is $5.31 and its 200 day moving average price is $7.90. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 30.19 and a beta of 1.64.
Ensco Plc (NYSE:ESV) last released its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. The business had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. The firm’s revenue for the quarter was down 49.7% compared to the same quarter last year. During the same period last year, the firm posted $2.04 EPS. Analysts forecast that Ensco Plc will post ($0.37) EPS for the current year.
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A number of hedge funds have recently modified their holdings of the company. ZWJ Investment Counsel Inc. raised its position in Ensco Plc by 1.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 11,635 shares of the offshore drilling services provider’s stock valued at $104,000 after buying an additional 180 shares in the last quarter. Creative Planning raised its position in Ensco Plc by 4.8% in the first quarter. Creative Planning now owns 13,135 shares of the offshore drilling services provider’s stock valued at $118,000 after buying an additional 601 shares in the last quarter. First Manhattan Co. raised its position in Ensco Plc by 72.6% in the first quarter. First Manhattan Co. now owns 14,260 shares of the offshore drilling services provider’s stock valued at $121,000 after buying an additional 6,000 shares in the last quarter. Tyers Asset Management LLC increased its position in Ensco Plc by 2.7% in the first quarter. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider’s stock valued at $123,000 after buying an additional 364 shares during the last quarter. Finally, HRT Financial LLC purchased a new position in Ensco Plc during the first quarter valued at approximately $126,000. 89.52% of the stock is owned by hedge funds and other institutional investors.
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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