Ensco Plc (NYSE:ESV)‘s stock had its “equal weight” rating reiterated by Barclays in a research note issued on Friday. They currently have a $42.00 target price on the stock, down from their previous target price of $44.00. Barclays’ price target would indicate a potential downside of 15.49% from the company’s current price.
A number of other analysts have also recently weighed in on ESV. Analysts at Nordea Equity Research downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research note on Thursday, May 8th. They now have a $46.00 price target on the stock, down previously from $53.00. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Ensco Plc from $66.00 to $59.00 in a research note on Monday, May 5th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Ensco Plc in a research note on Thursday, May 1st. They now have a $52.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twenty have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $56.89.
Shares of Ensco Plc (NYSE:ESV) traded down 0.48% on Friday, hitting $49.4599. 574,236 shares of the company’s stock traded hands. Ensco Plc has a one year low of $47.85 and a one year high of $64.13. The stock’s 50-day moving average is $50.64 and its 200-day moving average is $53.8. The company has a market cap of $11.556 billion and a price-to-earnings ratio of 8.34.
Ensco Plc (NYSE:ESV) last released its earnings data on Tuesday, April 29th. The company reported $1.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $1.18. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $534.41 million. During the same quarter last year, the company posted $1.36 earnings per share. Ensco Plc’s revenue was up 3.2% compared to the same quarter last year. Analysts expect that Ensco Plc will post $5.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Shareholders of record on Monday, June 9th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend is Thursday, June 5th.
Ensco plc (NYSE:ESV) is a provider of offshore contract drilling services to the international oil and gas industry.
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