Ensco PLC (NYSE:ESV) – Investment analysts at Jefferies Group issued their FY2020 earnings per share (EPS) estimates for Ensco PLC in a report released on Wednesday. Jefferies Group analyst E. Royes anticipates that the brokerage will post earnings per share of $0.05 for the year. Jefferies Group currently has a “Hold” rating and a $8.00 target price on the stock.
Ensco PLC (NYSE:ESV) last posted its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $1.51. The firm had revenue of $910 million for the quarter, compared to analyst estimates of $746.55 million. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. Ensco PLC’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 earnings per share.
A number of other equities analysts also recently issued reports on the stock. Goldman Sachs Group Inc. upgraded shares of Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a report on Wednesday, September 21st. Citigroup Inc. increased their price target on shares of Ensco PLC from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, August 25th. Howard Weil started coverage on shares of Ensco PLC in a report on Wednesday, September 14th. They set an “outperform” rating and a $10.00 target price for the company. Clarkson Capital upgraded shares of Ensco PLC from a “sell” rating to a “neutral” rating in a report on Thursday, September 22nd. Finally, Evercore ISI restated a “buy” rating on shares of Ensco PLC in a report on Wednesday, June 29th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.98.
Ensco PLC (NYSE:ESV) traded up 1.43% during trading on Thursday, reaching $8.50. 9,204,084 shares of the company were exchanged. The firm’s market capitalization is $2.56 billion. Ensco PLC has a 12 month low of $6.50 and a 12 month high of $18.93. The stock has a 50 day moving average price of $7.74 and a 200 day moving average price of $9.56.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, August 31st. Ensco PLC’s dividend payout ratio (DPR) is presently -0.60%.
A number of large investors have recently modified their holdings of ESV. Nomura Holdings Inc. boosted its stake in shares of Ensco PLC by 63.4% in the second quarter. Nomura Holdings Inc. now owns 16,500 shares of the offshore drilling services provider’s stock valued at $161,000 after buying an additional 6,402 shares during the period. Mason Street Advisors LLC acquired a new stake in shares of Ensco PLC during the second quarter valued at approximately $1,334,000. Royal Bank of Canada boosted its stake in shares of Ensco PLC by 30.3% in the second quarter. Royal Bank of Canada now owns 222,130 shares of the offshore drilling services provider’s stock valued at $2,156,000 after buying an additional 51,633 shares during the period. Calvert Investment Management Inc. boosted its stake in shares of Ensco PLC by 34.9% in the second quarter. Calvert Investment Management Inc. now owns 98,267 shares of the offshore drilling services provider’s stock valued at $954,000 after buying an additional 25,414 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Ensco PLC by 25.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 789,629 shares of the offshore drilling services provider’s stock valued at $7,668,000 after buying an additional 159,192 shares during the period. Hedge funds and other institutional investors own 85.81% of the company’s stock.
Ensco PLC Company Profile
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.
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