Ensco PLC (NYSE:ESV) – Analysts at KeyCorp upped their Q3 2016 earnings estimates for shares of Ensco PLC in a research note issued to investors on Friday. KeyCorp analyst R. Shoemaker now forecasts that the brokerage will earn $0.10 per share for the quarter, up from their prior estimate of $0.08. KeyCorp also issued estimates for Ensco PLC’s FY2017 earnings at $0.16 EPS.
Ensco PLC (NYSE:ESV) last announced its quarterly earnings data on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $1.51. The company had revenue of $910 million for the quarter, compared to analyst estimates of $746.55 million. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The firm’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS.
ESV has been the topic of several other research reports. Nomura set a $6.00 price target on Ensco PLC and gave the stock a “sell” rating in a research report on Tuesday, August 16th. Scotia Howard Weill started coverage on Ensco PLC in a report on Wednesday, September 14th. They issued an “outperform” rating and a $10.00 target price on the stock. BMO Capital Markets raised Ensco PLC from an “underperform” rating to a “market perform” rating and set a $8.00 target price on the stock in a report on Monday. They noted that the move was a valuation call. Credit Suisse Group AG reissued a “hold” rating and issued a $10.00 target price on shares of Ensco PLC in a report on Friday, July 29th. Finally, Jefferies Group reissued a “hold” rating and issued a $8.00 target price (down previously from $10.00) on shares of Ensco PLC in a report on Wednesday, September 28th. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $11.61.
Ensco PLC (NYSE:ESV) opened at 8.31 on Monday. The stock’s market cap is $2.51 billion. The firm has a 50-day moving average price of $7.71 and a 200-day moving average price of $9.36. Ensco PLC has a one year low of $6.50 and a one year high of $18.93.
Large investors have recently made changes to their positions in the company. BlackRock Fund Advisors raised its stake in shares of Ensco PLC by 28.8% in the first quarter. BlackRock Fund Advisors now owns 8,442,218 shares of the offshore drilling services provider’s stock valued at $87,546,000 after buying an additional 1,888,452 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Ensco PLC by 10.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,147,391 shares of the offshore drilling services provider’s stock valued at $74,118,000 after buying an additional 695,022 shares in the last quarter. Advisor Partners LLC purchased a new stake in shares of Ensco PLC during the first quarter valued at approximately $139,000. Willis Investment Counsel raised its stake in shares of Ensco PLC by 40.4% in the first quarter. Willis Investment Counsel now owns 320,548 shares of the offshore drilling services provider’s stock valued at $3,324,000 after buying an additional 92,173 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Ensco PLC by 33.8% in the first quarter. Canada Pension Plan Investment Board now owns 160,410 shares of the offshore drilling services provider’s stock valued at $1,663,000 after buying an additional 40,500 shares in the last quarter. Institutional investors own 85.79% of the company’s stock.
About Ensco PLC
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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