Ensco PLC (NYSE:ESV) – Analysts at Seaport Global Securities dropped their Q2 2017 EPS estimates for Ensco PLC in a report issued on Friday. Seaport Global Securities analyst M. Brown now forecasts that the firm will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.13. Seaport Global Securities also issued estimates for Ensco PLC’s Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.02 EPS and FY2017 earnings at $0.44 EPS.
Ensco PLC (NYSE:ESV) last announced its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $1.51. The business earned $910 million during the quarter, compared to the consensus estimate of $746.55 million. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The business’s revenue was down 14.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 EPS.
A number of other brokerages have also recently weighed in on ESV. Howard Weil started coverage on shares of Ensco PLC in a research note on Wednesday, September 14th. They set an “outperform” rating and a $10.00 price objective on the stock. Zacks Investment Research upgraded shares of Ensco PLC from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Goldman Sachs Group Inc. upgraded shares of Ensco PLC from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research report on Wednesday, September 21st. Jefferies Group reiterated a “hold” rating on shares of Ensco PLC in a research report on Sunday, July 10th. Finally, Clarkson Capital upgraded shares of Ensco PLC from a “sell” rating to a “neutral” rating in a research report on Thursday, September 22nd. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $11.61.
Shares of Ensco PLC (NYSE:ESV) traded up 1.44% during trading on Monday, hitting $8.43. 627,021 shares of the stock were exchanged. The stock’s market cap is $2.54 billion. Ensco PLC has a 12-month low of $6.50 and a 12-month high of $18.93. The stock has a 50-day moving average of $7.71 and a 200 day moving average of $9.36.
Hedge funds and other institutional investors have recently modified their holdings of the company. Sigma Planning Corp acquired a new position in shares of Ensco PLC during the second quarter worth approximately $101,000. Shoker Investment Counsel Inc. raised its position in shares of Ensco PLC by 1.1% in the second quarter. Shoker Investment Counsel Inc. now owns 10,496 shares of the offshore drilling services provider’s stock worth $101,000 after buying an additional 111 shares during the period. Wealthsource Partners LLC acquired a new position in shares of Ensco PLC during the second quarter worth approximately $111,000. Eqis Capital Management Inc. acquired a new position in shares of Ensco PLC during the second quarter worth approximately $122,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Ensco PLC during the second quarter worth approximately $129,000. Institutional investors own 85.79% of the company’s stock.
About Ensco PLC