ENSCO PLC (NYSE:ESV) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Tuesday.
A number of other equities research analysts have also recently issued reports on the company. Barclays PLC restated a “sell” rating and set a $8.00 price objective on shares of ENSCO PLC in a report on Thursday, April 27th. Piper Jaffray Companies upgraded ENSCO PLC from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $9.20 to $8.00 in a report on Monday, June 19th. BidaskClub upgraded ENSCO PLC from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Jefferies Group LLC set a $9.00 price target on shares of ENSCO PLC and gave the company a “hold” rating in a research report on Wednesday, May 24th. Finally, Clarkson Capital upgraded shares of ENSCO PLC from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, May 30th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. ENSCO PLC presently has an average rating of “Hold” and a consensus price target of $9.63.
Shares of ENSCO PLC (NYSE:ESV) opened at 5.39 on Tuesday. ENSCO PLC has a 12 month low of $4.71 and a 12 month high of $12.04. The stock’s 50 day moving average price is $5.42 and its 200-day moving average price is $8.17. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 2.37 and a beta of 1.64.
ENSCO PLC (NYSE:ESV) last issued its quarterly earnings data on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. ENSCO PLC had a return on equity of 3.07% and a net margin of 28.32%. The company had revenue of $471.10 million during the quarter, compared to analysts’ expectations of $468.78 million. On average, equities research analysts predict that ENSCO PLC will post ($0.28) EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in ESV. ZWJ Investment Counsel Inc. increased its position in shares of 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 during the period. Creative Planning increased its position in shares of 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 during the period. First Manhattan Co. increased its position in shares of 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 during the period. Tyers Asset Management LLC increased its position in shares of 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 period. Finally, HRT Financial LLC bought a new position in shares of ENSCO PLC during the first quarter valued at about $126,000. Institutional investors own 90.82% of the company’s stock.
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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