Ensco (ESV) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Ensco (NYSE: ESV):

  • 10/21/2018 – Ensco had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc. They now have a $9.00 price target on the stock.
  • 10/17/2018 – Ensco was upgraded by analysts at Johnson Rice from an “accumulate” rating to a “buy” rating. They now have a $12.00 price target on the stock.
  • 10/13/2018 – Ensco is now covered by analysts at Cowen Inc. They set a “hold” rating and a $7.00 price target on the stock.
  • 10/12/2018 – Ensco was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $8.00 price target on the stock.
  • 10/12/2018 – Ensco was upgraded by analysts at Societe Generale from a “hold” rating to a “buy” rating.
  • 10/10/2018 – Ensco was given a new $12.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 10/9/2018 – Ensco was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $11.00 price target on the stock.
  • 10/9/2018 – Ensco had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $9.00 price target on the stock.
  • 10/1/2018 – Ensco had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $8.00 price target on the stock.
  • 9/17/2018 – Ensco is now covered by analysts at BTIG Research. They set a “buy” rating and a $10.00 price target on the stock.
  • 9/7/2018 – Ensco was downgraded by analysts at DNB Markets from a “hold” rating to a “sell” rating.
  • 9/4/2018 – Ensco was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.

Shares of Ensco stock opened at $8.11 on Tuesday. The stock has a market capitalization of $3.59 billion, a P/E ratio of -15.60 and a beta of 1.86. Ensco Plc has a 1 year low of $4.10 and a 1 year high of $9.51. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.59.

Ensco (NYSE:ESV) last announced its quarterly earnings results on Wednesday, July 25th. The offshore drilling services provider reported ($0.30) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.03. The company had revenue of $458.50 million for the quarter, compared to analysts’ expectations of $449.69 million. Ensco had a negative net margin of 29.25% and a negative return on equity of 4.51%. Ensco’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) EPS. As a group, analysts expect that Ensco Plc will post -1.35 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Vanguard Capital Wealth Advisors bought a new position in Ensco in the 2nd quarter worth about $111,000. Deprince Race & Zollo Inc. bought a new position in Ensco in the 3rd quarter worth about $127,000. Essex Investment Management Co. LLC bought a new position in Ensco in the 3rd quarter worth about $129,000. Clear Harbor Asset Management LLC bought a new position in Ensco in the 2nd quarter worth about $131,000. Finally, Murphy Capital Management Inc. bought a new position in Ensco in the 2nd quarter worth about $155,000. Institutional investors own 98.02% of the company’s stock.

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.

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