Ensco Plc (ESV) Research Coverage Started at HSBC Holdings plc

Henrietta Strickland
October 23, 2017

According to their observations and findings, the stock could provide a high EPS of $0.08/share and a low EPS of $-0.22/share. AHL Partners LLP's holdings in Ensco Plc were worth $336,000 as of its most recent filing with the Securities and Exchange Commission. Ensco Plc's quarterly revenue was down 49.7% on a year-over-year basis. Rhumbline Advisers now owns 452,362 shares of the offshore drilling services provider's stock worth $3,845,000 after buying an additional 28,630 shares in the last quarter. Nomura Holdings Inc. increased its position in shares of Ensco Plc by 230.1% during the second quarter. UBS Oconnor LLC now owns 380,137 shares of the offshore drilling services provider's stock worth $1,962,000 after acquiring an additional 48,137 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of ENSCO PLC by 53.6% in the third quarter. Koch Industries Inc. acquired a new stake in shares of Ensco Plc during the second quarter worth $134,000. GWM Advisors LLC bought a new position in shares of Ensco Plc in the 2nd quarter worth $107,000. Contrarius Investment Management Ltd now owns 7,638,005 shares of the offshore drilling services provider's stock worth $39,412,000 after buying an additional 4,077,861 shares in the last quarter. The stock closed the most recent session at $5.12 after seeing 22027403 shares trade hands. According to today's trading volume Ensco plc is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The stock is now moving below its 20-Day Simple Moving Average of -9.39% with a 50-Day Simple Moving Average of 1.7 percent.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $1.61B. ENSCO PLC has a 52 week low of $6.50 and a 52 week high of $13.04.

Ensco plc (NYSE:ESV) received a Buy rating from 3 analysts. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02.

Ensco plc (NYSE:ESV) gross margin percentage stands at 41.6% while its operating margin for the past trailing twelve month is 14.2 percent and its overall profit margin (ttm) is 2.5 Percent. The firm had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. However the company reported $0.21 earnings per share for the same quarter during a year ago. However, -1.92% over the last one month, -4.30% for the last quarter and year to date performance stands at -47.33%. On average, equities research analysts anticipate that Ensco Plc will post ($0.38) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. This represents a $0.04 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, December 1st.

Ensco plc (ESV) has an Analysts' Mean Recommendation of 2.6. Jefferies maintained the shares of ESV in report on Wednesday, September 28 with "Hold" rating. The mean target price as estimated by the analysts for the company has been recorded at $6.94. Scotia Howard Weill initiated coverage on ENSCO PLC in a report on Wednesday, September 14th. Finally, Bank of America Corporation lowered Ensco Plc from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $7.00 to $5.00 in a report on Friday, June 30th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the company.

What Historical Figures Say About Ensco plc (NYSE: ESV)? Ensco Plc now has $1.56 billion valuation. The Company provides offshore contract drilling services to the global oil and gas industry. The company has 292.44 Million shares outstanding and 292.44 Million shares were floated in market. Its Floaters segment includes the Company's drillships and semisubmersible rigs, and provides contract drilling. Citigroup downgraded the shares of ESV in report on Friday, January 29 to "Hold" rating.

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