ValuEngine upgraded shares of Ensco (NYSE:ESV) from a buy rating to a strong-buy rating in a report issued on Tuesday.
ESV has been the subject of several other reports. HSBC lowered Ensco from a buy rating to a hold rating and raised their price objective for the company from $6.49 to $7.00 in a research note on Thursday, June 7th. Tudor Pickering raised Ensco from a hold rating to a buy rating in a research note on Thursday, July 12th. Piper Jaffray Companies set a $7.00 price objective on Ensco and gave the company a hold rating in a research note on Sunday, July 29th. Susquehanna Bancshares set a $8.00 price objective on Ensco and gave the company a hold rating in a research note on Friday, July 27th. Finally, Citigroup raised their price objective on Ensco from $5.25 to $6.40 and gave the company a neutral rating in a research note on Thursday, June 21st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Ensco has an average rating of Hold and a consensus price target of $6.67.
Shares of Ensco stock opened at $6.42 on Tuesday. Ensco has a 12 month low of $4.10 and a 12 month high of $8.00. The company has a market cap of $2.92 billion, a P/E ratio of -12.35 and a beta of 1.88. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.66 and a quick ratio of 2.66.
Ensco (NYSE:ESV) last posted its quarterly earnings data on Wednesday, July 25th. The offshore drilling services provider reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.03. The business had revenue of $458.50 million during the quarter, compared to analyst estimates of $449.69 million. Ensco had a negative return on equity of 4.51% and a negative net margin of 29.25%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company earned ($0.10) EPS. research analysts predict that Ensco will post -1.34 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Monday, September 10th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Friday, September 7th. Ensco’s dividend payout ratio is currently -7.69%.
Several hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Ensco by 254.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 11,322 shares of the offshore drilling services provider’s stock worth $629,000 after acquiring an additional 8,128 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Ensco by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 303,474 shares of the offshore drilling services provider’s stock worth $2,203,000 after acquiring an additional 8,482 shares during the last quarter. FIL Ltd lifted its stake in shares of Ensco by 10.8% during the 1st quarter. FIL Ltd now owns 89,567 shares of the offshore drilling services provider’s stock worth $393,000 after acquiring an additional 8,752 shares during the last quarter. Check Capital Management Inc. CA lifted its stake in shares of Ensco by 39.5% during the 2nd quarter. Check Capital Management Inc. CA now owns 31,525 shares of the offshore drilling services provider’s stock worth $229,000 after acquiring an additional 8,930 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Ensco by 78.5% during the 1st quarter. Private Advisor Group LLC now owns 23,717 shares of the offshore drilling services provider’s stock worth $103,000 after acquiring an additional 10,430 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading: Marijuana Stocks Investing Considerations
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Ensco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco and related companies with MarketBeat.com's FREE daily email newsletter.