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.
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.
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.
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