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.
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.
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.
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