Ensco Rowan (NYSE:ESV) Sets New 1-Year Low at $5.00

Shares of Ensco Rowan PLC (NYSE:ESV) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $5.00 and last traded at $5.02, with a volume of 18332786 shares trading hands. The stock had previously closed at $6.77.

ESV has been the topic of several research reports. Royal Bank of Canada initiated coverage on shares of Ensco Rowan in a report on Friday, May 17th. They set an “outperform” rating and a $15.00 price objective on the stock. BTIG Research lowered their target price on shares of Ensco Rowan from $70.00 to $15.00 in a research note on Thursday, May 30th. ValuEngine downgraded shares of Ensco Rowan from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Citigroup set a $13.00 target price on shares of Ensco Rowan and gave the company a “hold” rating in a research note on Friday, May 17th. Finally, Zacks Investment Research upgraded shares of Ensco Rowan from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, May 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Ensco Rowan currently has a consensus rating of “Hold” and an average target price of $10.05.

The stock has a market cap of $991.65 million, a P/E ratio of -0.94 and a beta of 2.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.34 and a quick ratio of 2.34. The stock’s 50 day moving average is $8.03.

Ensco Rowan (NYSE:ESV) last posted its quarterly earnings data on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.79) by $0.10. Ensco Rowan had a negative net margin of 40.72% and a negative return on equity of 7.65%. The business had revenue of $405.90 million during the quarter, compared to the consensus estimate of $405.12 million. During the same period in the previous year, the firm posted ($0.32) earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts predict that Ensco Rowan PLC will post -4.97 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of ESV. Nisa Investment Advisors LLC acquired a new stake in shares of Ensco Rowan during the first quarter worth $28,000. Endurance Wealth Management Inc. acquired a new stake in shares of Ensco Rowan during the second quarter worth $41,000. First Allied Advisory Services Inc. acquired a new stake in shares of Ensco Rowan during the fourth quarter worth $49,000. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Ensco Rowan by 17.4% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 18,200 shares of the offshore drilling services provider’s stock worth $65,000 after buying an additional 2,700 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Ensco Rowan during the first quarter worth $69,000.

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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