Ensco Plc (ESV) Has Stock More Room to Run

Ensco plc (ESV) has a market capitalization of 1.87 Billion which suggests the company is a huge company further suggesting that the shares of Ensco plc (ESV) are stable and safe compared to the lower market capitalization companies. The Firm provides offshore contract drilling services to the worldwide gas and oil industry.

01/09/2017 - ENSCO plc was upgraded to "buy" by analysts at Bank of America Merrill Lynch.

Hedge funds and other institutional investors own 91.75% of the company's stock. Creative Planning raised its position in ENSCO PLC by 4.8% in the first quarter. Nationwide Fund Advisors now owns 547,531 shares of the offshore drilling services provider's stock worth $4,900,000 after buying an additional 15,777 shares in the last quarter. AlphaOne also gave headlines about the offshore drilling services provider an impact score of 67 out of 100, indicating that recent news coverage is likely to have an impact on the stock's share price in the near future. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider's stock worth $123,000 after buying an additional 364 shares during the last quarter.

Ensco Plc (NYSE:ESV) last announced its quarterly earnings results on Thursday, April 27th. It improved, as 52 investors sold ENSCO PLC shares while 93 reduced holdings.

The share price of the company (NYSE:ESV) was up +2.84%, with a high of 6.20 during the day and the volume of ENSCO plc shares traded was 17744561.

The company reported an impressive total revenue of 2.78 Billion in the last fiscal year. Ensco Plc Cl A now has $1.88B valuation. The company has a 50 day moving average of $7.17 and a 200 day moving average of $9.20. Moreover, Goldman Sachs Grp Incorporated has 0.01% invested in ENSCO PLC (NYSE:ESV). However a year ago for the same quarter the company has reported $0.79 EPS. ROE (Return on equity) was recorded as 8.40% while beta factor was 1.64. Ensco Plc had 57 analyst reports since August 3, 2015 according to SRatingsIntel.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. The ex-dividend date is Thursday, June 1st. This represents a $0.04 dividend on an annualized basis and a yield of 0.65%. Ensco Plc's dividend payout ratio is presently 1.69%.

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A number of research firms recently commented on ESV. Jefferies Group LLC reaffirmed a "hold" rating and set a $11.00 price target (down previously from $11.50) on shares of Ensco Plc in a research note on Tuesday, April 11th.

In recent trade; Ensco plc (ESV) snatched the consideration from Investors, when its current beneficial picture was seen that is promoting good health.

Ensco Plc (NYSE:ESV) was upgraded by equities research analysts at Seaport Global Securities from a "sell" rating to a "neutral" rating in a report released on Wednesday, May 31st, Marketbeat.com reports. Barclays Capital downgraded the stock to "Underweight" rating in Monday, March 28 report. 12,764 are held by Sei Company. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company. The stock of ENSCO PLC (NYSE:ESV) has "Market Perform" rating given on Thursday, January 7 by Cowen & Co.

The company has been one of the biggest innovators in "Oil & Gas Drilling & Exploration" employing approximately 4900 full time employees.

  • Zachary Reyes