Ensco Plc (ESV) Raised to Purchase at Clarkson Capital

Ensco Plc (ESV) Raised to Purchase at Clarkson Capital

Clarkson Capital upgraded shares of Ensco Plc (NYSE:ESV) from a neutral rating to a buy rating in a report published on Tuesday. The firm currently has $10.00 price target on the offshore drilling services provider’s stock.

A number of other equities research analysts have also issued reports on ESV. Jefferies Group LLC boosted their price target on shares of Ensco Plc from $9.50 to $13.00 and gave the company a hold rating in a report on Monday, January 30th. Credit Suisse Group AG upgraded shares of Ensco Plc from a neutral rating to an outperform rating and set a $15.00 price target on the stock in a report on Friday, February 3rd. Evercore ISI boosted their price target on shares of Ensco Plc from $13.00 to $14.00 and gave the company a buy rating in a report on Friday, March 3rd. Scotiabank set a $13.00 price target on shares of Ensco Plc and gave the company a buy rating in a report on Wednesday, March 22nd. Finally, Tudor Pickering started coverage on shares of Ensco Plc in a report on Thursday, March 23rd. They set a hold rating on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Ensco Plc currently has a consensus rating of Hold and an average target price of $10.82.

Ensco Plc (NYSE:ESV) opened at 6.32 on Tuesday. The firm has a market capitalization of $1.92 billion, a PE ratio of 2.77 and a beta of 1.74. Ensco Plc has a 1-year low of $5.85 and a 1-year high of $12.04. The firm’s 50-day moving average price is $7.67 and its 200-day moving average price is $9.34.

Ensco Plc (NYSE:ESV) last released its quarterly earnings results on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. Ensco Plc had a negative net margin of 52.28% and a positive return on equity of 8.58%. The business had revenue of $471.10 million for the quarter, compared to analyst estimates of $468.78 million. On average, equities research analysts predict that Ensco Plc will post ($0.25) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Monday, June 5th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.04 annualized dividend and a yield of 0.63%. Ensco Plc’s dividend payout ratio is presently -0.53%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ZWJ Investment Counsel Inc. raised 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 period. Smith Salley & Associates acquired a new position in shares of Ensco Plc during the fourth quarter valued at approximately $111,000. Creative Planning raised its position in shares of Ensco Plc by 4.8% in the first quarter. Creative Planning now owns 13,135 shares of the offshore drilling services provider’s stock valued at $118,000 after buying an additional 601 shares during the period. First Manhattan Co. raised its position in shares of Ensco Plc by 72.6% in the first quarter. First Manhattan Co. now owns 14,260 shares of the offshore drilling services provider’s stock valued at $121,000 after buying an additional 6,000 shares during the period. Finally, Tyers Asset Management LLC raised 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 period. Hedge funds and other institutional investors own 88.70% 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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ESV”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment