Ensco PLC (NYSE:ESV) – Research analysts at Jefferies Group raised their Q3 2016 earnings estimates for shares of Ensco PLC in a research note issued to investors on Wednesday. Jefferies Group analyst E. Royes now forecasts that the brokerage will earn $0.13 per share for the quarter, up from their previous estimate of $0.09. Jefferies Group has a “Hold” rating and a $8.00 price target on the stock. Jefferies Group also issued estimates for Ensco PLC’s Q4 2016 earnings at ($0.05) EPS, Q1 2017 earnings at ($0.04) EPS, Q2 2017 earnings at ($0.09) EPS, Q3 2017 earnings at ($0.07) EPS, Q4 2017 earnings at ($0.11) EPS, FY2017 earnings at ($0.30) EPS, FY2018 earnings at ($0.55) EPS and FY2019 earnings at ($0.35) EPS.
Ensco PLC (NYSE:ESV) last issued its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $1.51. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The business earned $910 million during the quarter, compared to the consensus estimate of $746.55 million. During the same period last year, the business posted $1.11 EPS. Ensco PLC’s revenue was down 14.1% on a year-over-year basis.
Several other equities research analysts also recently commented on the stock. Goldman Sachs Group Inc. raised shares of Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 target price for the company in a research report on Wednesday, September 21st. Citigroup Inc. boosted their target price on shares of Ensco PLC from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, August 25th. Howard Weil started coverage on shares of Ensco PLC in a research report on Wednesday, September 14th. They set an “outperform” rating and a $10.00 target price for the company. Clarkson Capital raised shares of Ensco PLC from a “sell” rating to a “neutral” rating in a research report on Thursday, September 22nd. Finally, Evercore ISI reissued a “buy” rating on shares of Ensco PLC in a research report on Wednesday, June 29th. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Ensco PLC presently has a consensus rating of “Hold” and a consensus price target of $11.98.
Shares of Ensco PLC (NYSE:ESV) traded up 2.804% during midday trading on Friday, reaching $8.615. 4,772,233 shares of the company traded hands. The company has a 50-day moving average of $7.74 and a 200 day moving average of $9.58. Ensco PLC has a 12-month low of $6.50 and a 12-month high of $18.93. The firm’s market capitalization is $2.60 billion.
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Ensco PLC by 30.5% in the second quarter. Vanguard Group Inc. now owns 32,399,404 shares of the offshore drilling services provider’s stock valued at $314,598,000 after buying an additional 7,576,931 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Ensco PLC by 78.9% in the first quarter. Prudential Financial Inc. now owns 8,143,320 shares of the offshore drilling services provider’s stock valued at $84,446,000 after buying an additional 3,592,260 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Ensco PLC by 35.6% in the second quarter. BlackRock Fund Advisors now owns 11,446,745 shares of the offshore drilling services provider’s stock valued at $111,148,000 after buying an additional 3,004,527 shares during the last quarter. Norges Bank purchased a new stake in shares of Ensco PLC during the fourth quarter valued at $44,067,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Ensco PLC during the second quarter valued at $24,093,000. 85.81% of the stock is currently owned by institutional investors.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Wednesday, August 31st. Ensco PLC’s dividend payout ratio is currently -0.60%.
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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