Ensco (ESV) Trading 5.6% Higher

Ensco Plc (NYSE:ESV)’s share price traded up 5.6% during mid-day trading on Tuesday . The company traded as high as $11.75 and last traded at $11.51. 5,460,160 shares changed hands during trading, an increase of 36% from the average session volume of 4,003,371 shares. The stock had previously closed at $10.90.

ESV has been the topic of a number of research reports. Citigroup initiated coverage on Ensco in a report on Thursday, April 11th. They issued a “neutral” rating on the stock. Barclays restated a “sell” rating and issued a $13.00 price target on shares of Ensco in a report on Sunday, May 5th. Societe Generale set a $5.00 price target on Ensco and gave the stock a “hold” rating in a report on Tuesday, March 26th. ValuEngine upgraded Ensco from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Finally, Credit Suisse Group restated a “buy” rating and issued a $6.00 price target on shares of Ensco in a report on Monday, January 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.46.

The firm has a market cap of $1.19 billion, a P/E ratio of -2.15 and a beta of 2.09. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.34 and a quick ratio of 2.48.

Ensco (NYSE:ESV) last announced its earnings results on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) EPS for the quarter, beating analysts’ consensus estimates of ($1.79) by $0.10. The firm had revenue of $405.90 million for the quarter, compared to analysts’ expectations of $405.12 million. Ensco had a negative return on equity of 7.65% and a negative net margin of 40.72%. Ensco’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.32) EPS. As a group, research analysts expect that Ensco Plc will post -5.44 earnings per share for the current year.

Large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC acquired a new stake in Ensco during the 1st quarter valued at $28,000. Quantamental Technologies LLC purchased a new position in shares of Ensco during the 4th quarter worth $36,000. Hellman Jordan Management Co. Inc. MA purchased a new position in shares of Ensco during the 4th quarter worth $38,000. Leavell Investment Management Inc. purchased a new position in shares of Ensco during the 4th quarter worth $39,000. Finally, Piedmont Investment Advisors Inc. purchased a new position in shares of Ensco during the 4th quarter worth $41,000.

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Ensco Company Profile (NYSE:ESV)

Ensco Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its business through the following segments: Floaters, Jackups, and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service.

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