Ensco Rowan PLC (NYSE:ESV) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $7.62 and last traded at $7.63, with a volume of 1353777 shares trading hands. The stock had previously closed at $7.83.
ESV has been the topic of a number of recent research reports. Piper Jaffray Companies set a $16.00 price target on Ensco Rowan and gave the company a “hold” rating in a research report on Tuesday, April 23rd. HSBC raised Ensco Rowan from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Friday, March 8th. Barclays set a $5.00 price objective on Ensco Rowan and gave the stock a “sell” rating in a report on Wednesday, February 20th. Wells Fargo & Co reissued a “buy” rating on shares of Ensco Rowan in a report on Friday, March 1st. Finally, Societe Generale set a $5.00 price objective on Ensco Rowan and gave the stock a “hold” rating in a report on Tuesday, March 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.05.
The company has a debt-to-equity ratio of 0.64, a current ratio of 2.34 and a quick ratio of 2.34.
Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new stake in shares of Ensco Rowan in the 1st quarter valued at about $28,000. Quantamental Technologies LLC bought a new position in shares of Ensco Rowan during the 4th quarter valued at about $36,000. Hellman Jordan Management Co. Inc. MA bought a new position in shares of Ensco Rowan during the 4th quarter valued at about $38,000. Piedmont Investment Advisors Inc. bought a new position in shares of Ensco Rowan during the 4th quarter valued at about $41,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Ensco Rowan by 149.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 11,493 shares of the offshore drilling services provider’s stock valued at $45,000 after purchasing an additional 6,882 shares during the last quarter.
Ensco Rowan Company Profile (NYSE:ESV)
Ensco Rowan plc provides offshore drilling services in various water depths worldwide. It operates a rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups. The company's offshore fleet include 16 drillships, 12 semisubmersibles, 54 jackups, and 2 deepwater managed units.
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