Ensco Plc (ESV) - Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Ensco Plc (NYSE: ESV):

• 8/1/2017 – Ensco Plc was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
• 7/28/2017 – Ensco Plc had its price target raised by analysts at BMO Capital Markets from $4.75 to $5.00. They now have a “market perform” rating on the stock.
• 7/25/2017 – Ensco Plc was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
• 7/19/2017 – Ensco Plc was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
• 7/18/2017 – Ensco Plc had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $6.00 price target on the stock, down previously from $9.00.
• 7/12/2017 – Ensco Plc was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
• 7/12/2017 – Ensco Plc had its “sell” rating reaffirmed by analysts at Seaport Global Securities.
• 7/11/2017 – Ensco Plc had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $4.75 price target on the stock.
• 7/1/2017 – Ensco Plc was given a new $9.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
• 6/30/2017 – Ensco Plc was downgraded by analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating. They now have a $5.00 price target on the stock, down previously from $7.00.
• 6/22/2017 – Ensco Plc was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
• 6/21/2017 – Ensco Plc was downgraded by analysts at Seaport Global Securities from a “neutral” rating to a “sell” rating. They now have a $4.00 price target on the stock, down previously from $6.50.
• 6/19/2017 – Ensco Plc was upgraded by analysts at Piper Jaffray Companies from a “neutral” rating to an “overweight” rating. They now have a $8.00 price target on the stock, down previously from $9.20.
• 6/14/2017 – Ensco Plc was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Ensco Plc (ESV) traded down 5.59% during midday trading on Wednesday, reaching $4.56. 31,742,602 shares of the company’s stock were exchanged. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 28.50 and a beta of 1.64. The firm has a 50-day moving average price of $5.31 and a 200 day moving average price of $7.90. Ensco Plc has a 52 week low of $4.32 and a 52 week high of $12.04.

Ensco Plc (NYSE:ESV) last released its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The company had revenue of $457.50 million during the quarter, compared to analyst estimates of $453.48 million. During the same period last year, the business earned $2.04 earnings per share. Ensco Plc’s revenue was down 49.7% compared to the same quarter last year. Analysts anticipate that Ensco Plc will post ($0.37) EPS for the current year.

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.