Ensco Plc (NYSE:ESV) released its earnings results on Thursday. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02, Briefing.com reports. Ensco Plc had a net margin of 28.32% and a return on equity of 3.07%. The business had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. During the same quarter last year, the company earned $2.04 earnings per share. The firm’s revenue was down 49.7% on a year-over-year basis.
Ensco Plc (NYSE:ESV) traded up 0.38% during mid-day trading on Friday, hitting $5.31. 15,527,730 shares of the stock traded hands. The stock has a market capitalization of $1.61 billion, a PE ratio of 2.33 and a beta of 1.64. The company has a 50 day moving average price of $5.39 and a 200-day moving average price of $8.10. Ensco Plc has a one year low of $4.71 and a one year high of $12.04.
Several institutional investors have recently modified their holdings of the stock. Tradewinds Capital Management LLC boosted its position in shares of Ensco Plc by 0.7% in the first quarter. Tradewinds Capital Management LLC now owns 21,449 shares of the offshore drilling services provider’s stock valued at $192,000 after buying an additional 149 shares during the last quarter. World Asset Management Inc boosted its position in shares of Ensco Plc by 0.6% in the first quarter. World Asset Management Inc now owns 25,438 shares of the offshore drilling services provider’s stock valued at $228,000 after buying an additional 158 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its position in shares of Ensco Plc by 1.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 11,635 shares of the offshore drilling services provider’s stock valued at $104,000 after buying an additional 180 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Ensco Plc by 1.2% in the first quarter. LS Investment Advisors LLC now owns 20,765 shares of the offshore drilling services provider’s stock valued at $186,000 after buying an additional 240 shares during the last quarter. Finally, Tyers Asset Management LLC boosted its position in shares of Ensco Plc by 2.7% in the first quarter. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider’s stock valued at $123,000 after buying an additional 364 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.
Several research analysts recently issued reports on ESV shares. Jefferies Group LLC reissued a “hold” rating and issued a $11.00 price target (down previously from $11.50) on shares of Ensco Plc in a research report on Tuesday, April 11th. Barclays PLC reissued a “sell” rating and issued a $8.00 price target on shares of Ensco Plc in a research report on Thursday, April 27th. Clarkson Capital raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, May 30th. Seaport Global Securities raised shares of Ensco Plc from a “sell” rating to a “neutral” rating and set a $6.50 price target for the company in a research report on Wednesday, May 31st. Finally, BidaskClub raised shares of Ensco Plc from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.64.
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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