Ensco (ESV) Shares Up 0%

Ensco plc (NYSE:ESV) shares shot up 0% on Thursday . The stock traded as high as $5.32 and last traded at $5.21. 4,828,056 shares changed hands during trading, a decline of 63% from the average session volume of 13,199,374 shares. The stock had previously closed at $5.21.

Several brokerages have weighed in on ESV. Cowen set a $6.00 target price on shares of Ensco and gave the stock a “hold” rating in a research note on Thursday, January 11th. Susquehanna Bancshares set a $7.00 target price on shares of Ensco and gave the stock a “hold” rating in a research note on Friday, January 12th. Piper Jaffray lowered shares of Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 target price for the company. in a research note on Thursday, January 11th. Credit Suisse Group lowered shares of Ensco from an “outperform” rating to a “neutral” rating and set a $8.00 target price for the company. in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered shares of Ensco from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. Ensco has an average rating of “Hold” and an average price target of $6.66.

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The stock has a market capitalization of $2,136.44, a PE ratio of -9.98 and a beta of 1.82. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.54.

Ensco (NYSE:ESV) last issued its quarterly earnings results on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.03. The business had revenue of $454.00 million for the quarter, compared to analysts’ expectations of $453.21 million. Ensco had a negative net margin of 16.48% and a negative return on equity of 1.86%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. research analysts anticipate that Ensco plc will post -0.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Monday, March 5th were issued a $0.01 dividend. The ex-dividend date was Friday, March 2nd. This represents a $0.04 annualized dividend and a yield of 0.76%. Ensco’s dividend payout ratio (DPR) is -7.69%.

A number of large investors have recently modified their holdings of the stock. LS Investment Advisors LLC raised its holdings in Ensco by 41.7% in the fourth quarter. LS Investment Advisors LLC now owns 33,905 shares of the offshore drilling services provider’s stock valued at $200,000 after acquiring an additional 9,970 shares in the last quarter. Creative Planning raised its holdings in Ensco by 70.5% in the fourth quarter. Creative Planning now owns 24,127 shares of the offshore drilling services provider’s stock valued at $143,000 after acquiring an additional 9,980 shares in the last quarter. QS Investors LLC raised its holdings in Ensco by 38.9% in the fourth quarter. QS Investors LLC now owns 37,241 shares of the offshore drilling services provider’s stock valued at $220,000 after acquiring an additional 10,431 shares in the last quarter. Wright Investors Service Inc. raised its holdings in Ensco by 63.0% in the fourth quarter. Wright Investors Service Inc. now owns 27,587 shares of the offshore drilling services provider’s stock valued at $163,000 after acquiring an additional 10,660 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ensco by 87.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,734 shares of the offshore drilling services provider’s stock valued at $146,000 after acquiring an additional 11,514 shares in the last quarter. 92.16% of the stock is currently owned by hedge funds and other institutional investors.

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About Ensco

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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