Ensco Plc (NYSE:ESV)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $5.31, but opened at $5.43. Ensco Plc shares last traded at $5.57, with a volume of 6815400 shares changing hands.
Several equities analysts have issued reports on the stock. Nordea Equity Research reissued a “buy” rating and issued a $8.00 price objective on shares of Ensco Plc in a research note on Saturday, September 30th. FBR & Co dropped their price objective on shares of Ensco Plc from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research cut shares of Ensco Plc from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. UBS Group AG raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $6.00 to $8.00 in a research note on Monday, September 25th. Finally, assumed coverage on shares of Ensco Plc in a research note on Thursday, October 19th. They issued a “buy” rating and a $7.30 price objective on the stock. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. Ensco Plc presently has a consensus rating of “Hold” and an average target price of $8.47.
The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.58.
Ensco Plc (NYSE:ESV) last posted its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.11. Ensco Plc had a negative net margin of 3.04% and a negative return on equity of 0.37%. The business had revenue of $460.00 million for the quarter, compared to analysts’ expectations of $457.79 million. During the same period in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was down 16.1% on a year-over-year basis. sell-side analysts predict that Ensco Plc will post -0.51 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, December 1st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.72%. Ensco Plc’s dividend payout ratio (DPR) is presently -21.05%.
Large investors have recently bought and sold shares of the company. Private Advisor Group LLC acquired a new position in shares of Ensco Plc during the 3rd quarter worth $100,000. GWM Advisors LLC acquired a new position in shares of Ensco Plc during the 2nd quarter worth $107,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Ensco Plc during the 2nd quarter worth $116,000. Harvest Management LLC acquired a new position in shares of Ensco Plc during the 3rd quarter worth $119,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Ensco Plc during the 3rd quarter worth $121,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.
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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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