Ensco PLC (NYSE:ESV) – Equities researchers at Capital One Financial Corp. lifted their Q3 2016 EPS estimates for shares of Ensco PLC in a research note issued on Friday. Capital One Financial Corp. analyst L. Lemoine now forecasts that the brokerage will earn $0.11 per share for the quarter, up from their prior forecast of $0.06. Capital One Financial Corp. also issued estimates for Ensco PLC’s FY2016 earnings at $1.26 EPS.
A number of other equities research analysts have also recently commented on ESV. Susquehanna raised Ensco PLC from a “negative” rating to a “neutral” rating in a research note on Tuesday, June 28th. Evercore ISI reissued a “buy” rating on shares of Ensco PLC in a research note on Wednesday, June 29th. Jefferies Group reissued a “hold” rating on shares of Ensco PLC in a research note on Sunday, July 10th. Zacks Investment Research cut Ensco PLC from a “hold” rating to a “strong sell” rating in a research note on Monday, July 18th. Finally, DNB Markets cut Ensco PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Seven research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $11.61.
Shares of Ensco PLC (NYSE:ESV) opened at 8.47 on Monday. The company’s market cap is $2.55 billion. Ensco PLC has a 1-year low of $6.50 and a 1-year high of $18.93. The stock has a 50 day moving average price of $7.72 and a 200-day moving average price of $9.35.
Ensco PLC (NYSE:ESV) last released its earnings results 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. Ensco PLC had a positive return on equity of 10.06% and a negative net margin of 39.67%. The company earned $910 million during the quarter, compared to analyst estimates of $746.55 million. During the same quarter in the previous year, the company posted $1.11 EPS. Ensco PLC’s revenue for the quarter was down 14.1% on a year-over-year basis.
Several hedge funds have recently bought and sold shares of the stock. Sigma Planning Corp bought a new stake in Ensco PLC during the second quarter valued at $101,000. Shoker Investment Counsel Inc. increased its stake in Ensco PLC by 1.1% in the second quarter. Shoker Investment Counsel Inc. now owns 10,496 shares of the offshore drilling services provider’s stock valued at $101,000 after buying an additional 111 shares in the last quarter. Wealthsource Partners LLC bought a new stake in Ensco PLC during the second quarter valued at $111,000. Eqis Capital Management Inc. bought a new stake in Ensco PLC during the second quarter valued at $122,000. Finally, First Allied Advisory Services Inc. bought a new stake in Ensco PLC during the second quarter valued at $129,000. 85.79% of the stock is owned by hedge funds and other institutional investors.
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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