ENSCO PLC (NYSE:ESV) – Analysts at Capital One Financial Corporation decreased their FY2017 earnings per share (EPS) estimates for ENSCO PLC in a research report issued on Thursday. Capital One Financial Corporation analyst J. Gibney now anticipates that the offshore drilling services provider will post earnings per share of ($0.40) for the year, down from their prior estimate of ($0.36). Capital One Financial Corporation also issued estimates for ENSCO PLC’s Q4 2017 earnings at ($0.11) EPS, Q1 2018 earnings at ($0.15) EPS, Q2 2018 earnings at ($0.11) EPS and FY2018 earnings at ($0.65) EPS.
ESV has been the topic of several other research reports. Nordea Equity Research reaffirmed a “buy” rating and issued a $8.00 price target on shares of ENSCO PLC in a report on Saturday, September 30th. Zacks Investment Research cut shares of ENSCO PLC from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Deutsche Bank AG started coverage on shares of ENSCO PLC in a report on Tuesday, October 10th. They issued a “hold” rating and a $6.00 price target on the stock. ValuEngine upgraded shares of ENSCO PLC from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BMO Capital Markets set a $5.00 target price on shares of ENSCO PLC and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $8.47.
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Shares of ENSCO PLC (NYSE ESV) opened at 5.21 on Monday. The firm has a market cap of $1.58 billion, a P/E ratio of 32.56 and a beta of 1.74. ENSCO PLC has a one year low of $4.10 and a one year high of $12.04. The firm has a 50 day moving average price of $5.38 and a 200-day moving average price of $5.86.
ENSCO PLC (NYSE:ESV) last issued its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.11. The firm had revenue of $460.00 million for the quarter, compared to the consensus estimate of $457.79 million. ENSCO PLC had a negative return on equity of 0.37% and a negative net margin of 3.04%. The company’s revenue was down 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS.
Institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its holdings in shares of ENSCO PLC by 50.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 17,400 shares of the offshore drilling services provider’s stock worth $156,000 after purchasing an additional 5,800 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of ENSCO PLC by 2.3% during the first quarter. Neuberger Berman Group LLC now owns 19,304 shares of the offshore drilling services provider’s stock worth $173,000 after purchasing an additional 436 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of ENSCO PLC during the third quarter worth about $121,000. GWM Advisors LLC purchased a new stake in shares of ENSCO PLC during the second quarter worth about $107,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of ENSCO PLC during the third quarter worth about $127,000. Institutional investors own 91.56% of the company’s stock.
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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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