Ensco Rowan (NYSE:ESV) Hits New 52-Week Low at $6.54

Ensco Rowan PLC (NYSE:ESV) shares hit a new 52-week low during trading on Monday . The company traded as low as $6.54 and last traded at $6.57, with a volume of 19326 shares trading hands. The stock had previously closed at $6.62.

A number of research analysts have commented on ESV shares. BTIG Research lowered their target price on Ensco Rowan from $70.00 to $15.00 in a research note on Thursday, May 30th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Ensco Rowan in a research report on Friday, March 1st. HSBC raised Ensco Rowan from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Friday, March 8th. ValuEngine raised Ensco Rowan from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Zacks Investment Research raised Ensco Rowan from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Friday, May 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. Ensco Rowan currently has an average rating of “Hold” and a consensus target price of $10.05.

The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -1.23 and a beta of 2.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.34 and a quick ratio of 2.34.

Ensco Rowan (NYSE:ESV) last posted its quarterly earnings data on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) earnings per share for the quarter, topping the consensus estimate of ($1.79) by $0.10. Ensco Rowan had a negative return on equity of 7.65% and a negative net margin of 40.72%. The business had revenue of $405.90 million during the quarter, compared to analysts’ expectations of $405.12 million. During the same quarter in the previous year, the firm earned ($0.32) EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that Ensco Rowan PLC will post -5.14 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC acquired a new position in shares of Ensco Rowan during the 1st quarter worth about $28,000. Piedmont Investment Advisors Inc. acquired a new position in shares of Ensco Rowan during the 4th quarter worth about $41,000. First Allied Advisory Services Inc. acquired a new position in shares of Ensco Rowan during the 4th quarter worth about $49,000. AlphaMark Advisors LLC lifted its position in shares of Ensco Rowan by 45.8% during the 4th quarter. AlphaMark Advisors LLC now owns 15,140 shares of the offshore drilling services provider’s stock worth $54,000 after purchasing an additional 4,756 shares during the last quarter. Finally, Timber Hill LLC lifted its position in shares of Ensco Rowan by 28.6% during the 4th quarter. Timber Hill LLC now owns 16,200 shares of the offshore drilling services provider’s stock worth $58,000 after purchasing an additional 3,600 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: “Ensco Rowan (NYSE:ESV) Hits New 52-Week Low at $6.54” was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/06/17/ensco-rowan-nyseesv-hits-new-52-week-low-at-6-54.html.

Ensco Rowan Company Profile (NYSE:ESV)

Ensco Rowan plc provides offshore drilling services in various water depths worldwide. It operates a rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups. The company's offshore fleet include 16 drillships, 12 semisubmersibles, 54 jackups, and 2 deepwater managed units.

Featured Story: Intrinsic Value

Receive News & Ratings for Ensco Rowan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco Rowan and related companies with MarketBeat.com's FREE daily email newsletter.