Ensco (ESV) Reaches New 1-Year Low at $4.06

Ensco Plc (NYSE:ESV)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $4.06 and last traded at $4.07, with a volume of 15767746 shares traded. The stock had previously closed at $4.43.

A number of research firms have issued reports on ESV. Piper Jaffray Companies restated a “hold” rating and set a $9.00 price target on shares of Ensco in a report on Tuesday, October 9th. Societe Generale upgraded Ensco from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Jefferies Financial Group restated a “hold” rating and set a $9.00 price target on shares of Ensco in a report on Sunday, October 21st. Cowen restated a “hold” rating and set a $5.00 price target on shares of Ensco in a report on Monday, December 3rd. Finally, Wells Fargo & Co upgraded Ensco from a “market perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.74.

The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -7.83 and a beta of 1.78.

Ensco (NYSE:ESV) last issued its earnings results on Monday, October 29th. The offshore drilling services provider reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.02. Ensco had a negative return on equity of 5.98% and a negative net margin of 36.53%. The company had revenue of $431.00 million for the quarter, compared to analyst estimates of $424.66 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. Ensco’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts predict that Ensco Plc will post -1.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Monday, December 3rd were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 30th. Ensco’s payout ratio is -7.69%.

In other news, VP Steven Joseph Brady sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $6.22, for a total transaction of $27,990.00. Following the transaction, the vice president now directly owns 314,864 shares of the company’s stock, valued at $1,958,454.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of ESV. Timber Hill LLC purchased a new stake in Ensco in the 3rd quarter valued at $106,000. Wetherby Asset Management Inc. purchased a new stake in Ensco in the 3rd quarter valued at $107,000. Deprince Race & Zollo Inc. purchased a new stake in Ensco in the 3rd quarter valued at $127,000. Vanguard Capital Wealth Advisors purchased a new stake in Ensco in the 2nd quarter valued at $111,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Ensco in the 3rd quarter valued at $129,000. 96.71% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Ensco (ESV) Reaches New 1-Year Low at $4.06” was first published by WKRB News and is owned by of WKRB News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.wkrb13.com/2018/12/16/ensco-esv-reaches-new-1-year-low-at-4-06.html.

Ensco Company Profile (NYSE:ESV)

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.

See Also: Quiet Period

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

Leave a Reply