Ensco (NYSE:ESV) had its target price reduced by Wells Fargo & Co from $7.00 to $6.00 in a research note published on Wednesday morning. Wells Fargo & Co currently has a market perform rating on the offshore drilling services provider’s stock.
A number of other analysts have also commented on the company. Credit Suisse Group set a $8.00 price objective on Ensco and gave the stock a hold rating in a research report on Tuesday. Susquehanna Bancshares set a $7.00 price objective on Ensco and gave the stock a hold rating in a research report on Friday, January 12th. Cowen set a $6.00 price objective on Ensco and gave the stock a hold rating in a research report on Thursday, January 11th. Piper Jaffray Companies lowered Ensco from an overweight rating to a neutral rating and set a $6.00 price objective for the company. in a research report on Thursday, January 11th. Finally, Zacks Investment Research cut Ensco from a hold rating to a sell rating in a report on Monday, January 8th. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven 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 $7.44.
Shares of Ensco (ESV) opened at $4.46 on Wednesday. The company has a quick ratio of 5.04, a current ratio of 2.13 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2,778.59, a PE ratio of -5.48 and a beta of 1.74. Ensco has a 12-month low of $4.10 and a 12-month high of $10.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, March 5th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, March 2nd. Ensco’s dividend payout ratio (DPR) is presently -4.94%.
Several large investors have recently added to or reduced their stakes in ESV. Private Advisor Group LLC bought a new position in shares of Ensco during the 3rd quarter valued at about $100,000. Bedel Financial Consulting Inc. bought a new position in shares of Ensco during the 4th quarter valued at about $100,000. ARGA Investment Management LP bought a new position in shares of Ensco during the 4th quarter valued at about $113,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Ensco during the 2nd quarter valued at about $116,000. Finally, Harvest Management LLC bought a new position in shares of Ensco during the 3rd quarter valued at about $119,000. Institutional investors and hedge funds own 70.86% 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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