Other research analysts have also issued research reports about the company. B. Riley reissued a neutral rating on shares of Ensco in a research note on Wednesday, November 1st. Piper Jaffray Companies lowered Ensco from an overweight rating to a neutral rating and set a $6.00 price target on the stock. in a research note on Thursday. ValuEngine lowered Ensco from a hold rating to a sell rating in a research note on Monday, October 2nd. UBS Group raised Ensco from a neutral rating to a buy rating and increased their price target for the stock from $6.00 to $8.00 in a research note on Monday, September 25th. Finally, FBR & Co reissued a hold rating on shares of Ensco in a research note on Thursday, October 19th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $7.91.
Shares of Ensco (NYSE ESV) traded up $0.07 during trading on Thursday, hitting $7.43. The company’s stock had a trading volume of 10,601,900 shares, compared to its average volume of 15,174,322. Ensco has a one year low of $4.10 and a one year high of $12.03. The stock has a market cap of $3,240.00, a price-to-earnings ratio of -32.30 and a beta of 1.82. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.58.
Ensco (NYSE:ESV) last issued its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.11. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. The company had revenue of $460.00 million for the quarter, compared to analyst estimates of $457.79 million. During the same quarter in the prior year, the company posted $0.28 EPS. The business’s revenue for the quarter was down 16.1% compared to the same quarter last year. analysts forecast that Ensco will post -0.51 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in shares of Ensco by 43.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 86,300 shares of the offshore drilling services provider’s stock worth $510,000 after buying an additional 26,300 shares during the last quarter. GeoSphere Capital Management acquired a new stake in shares of Ensco during the 3rd quarter worth $2,090,000. Neuberger Berman Group LLC increased its holdings in shares of Ensco by 13,356.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,910,733 shares of the offshore drilling services provider’s stock worth $11,407,000 after buying an additional 1,896,534 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Ensco by 16.2% during the 3rd quarter. California Public Employees Retirement System now owns 1,247,939 shares of the offshore drilling services provider’s stock worth $7,450,000 after buying an additional 173,739 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new stake in Ensco in the 3rd quarter valued at $11,995,000. Institutional investors and hedge funds own 76.80% of the company’s stock.
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Ensco Company Profile
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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