The stock of ENSCO PLC (NYSE:ESV) is a huge mover today! About 5.00M shares traded hands. ENSCO PLC (NYSE:ESV) has declined 16.08% since March 2, 2016 and is downtrending. It has underperformed by 24.33% the S&P500.
The move comes after 9 months positive chart setup for the $2.50 billion company. It was reported on Oct, 5 by Barchart.com. We have $12.47 PT which if reached, will make NYSE:ESV worth $1.18B more.
Analysts await ENSCO PLC (NYSE:ESV) to report earnings on October, 26. They expect $0.14 EPS, down 84.27% or $0.75 from last year’s $0.89 per share. ESV’s profit will be $41.27 million for 15.14 P/E if the $0.14 EPS becomes a reality. After $0.51 actual EPS reported by ENSCO PLC for the previous quarter, Wall Street now forecasts -72.55% negative EPS growth.
ENSCO PLC (NYSE:ESV) Ratings Coverage
Out of 25 analysts covering Ensco Plc (NYSE:ESV), 6 rate it a “Buy”, 6 “Sell”, while 13 “Hold”. This means 24% are positive. Ensco Plc has been the topic of 45 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Monday, September 28 with “Sell”. On Monday, November 30 the stock rating was upgraded by Guggenheim to “Buy”. On Tuesday, July 19 the stock rating was downgraded by DNB Markets to “Sell”. Cowen & Co maintained it with “Market Perform” rating and $13.0 target price in Thursday, January 7 report. The company was upgraded on Thursday, September 22 by Clarksons Platou. The rating was initiated by Bank of America with “Underperform” on Monday, June 13. The firm has “Neutral” rating by Citigroup given on Thursday, August 25. As per Thursday, November 19, the company rating was maintained by Jefferies. Barclays Capital downgraded the shares of ESV in a report on Monday, March 28 to “Underweight” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, July 31.
According to Zacks Investment Research, “Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. The Company owns and operates drilling rigs including jackup, ultra-deepwater semisubmersible and barge rigs. Its drilling rigs are located throughout the world and concentrated in the major geographic regions of Asia Pacific (which includes Asia, the Middle East, Australia and New Zealand), Europe/Africa and North and South America. The Company provides drilling services on a day rate contract basis. Under day rate contracts, it provides the drilling rig and rig crews, and receives a fixed amount per day for drilling the well. Its customers bear substantially all of the ancillary costs of constructing the well and supporting drilling operations. The Company does not provide turnkey or other risk-based drilling services.”
Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.45, from 0.81 in 2016Q1. The ratio is positive, as 51 funds sold all ENSCO PLC shares owned while 89 reduced positions. 50 funds bought stakes while 126 increased positions. They now own 246.48 million shares or 19.11% more from 206.94 million shares in 2016Q1.
Moreover, Buckingham Cap Management has 0.52% invested in ENSCO PLC (NYSE:ESV) for 439,725 shares. Tci Wealth Incorporated, a Arizona-based fund reported 2,121 shares. Nomura Hldgs Inc accumulated 0% or 16,500 shares. Int Group Inc has 869,299 shares for 0% of their US portfolio. Afam has 73,660 shares for 0.12% of their US portfolio. First New York Secs Lc Ny last reported 0% of its portfolio in the stock. Carroll Associates Incorporated, a North Carolina-based fund reported 960 shares. Ladenburg Thalmann Fincl Service accumulated 13,053 shares or 0% of the stock. Tradewinds Mgmt Limited Liability Company last reported 8,300 shares in the company. Price T Rowe Associates Inc Md has 0% invested in the company for 136,884 shares. Glg Partners Lp holds 0% or 90 shares in its portfolio. First Midwest Commercial Bank Tru Division owns 15,700 shares or 0.02% of their US portfolio. Barclays Public Limited Com last reported 0.01% of its portfolio in the stock. Moreover, Gsa Cap Prtn Llp has 0.07% invested in ENSCO PLC (NYSE:ESV) for 124,309 shares. Millennium Mgmt Llc has 8.22 million shares for 0.18% of their US portfolio.
Another recent and important ENSCO PLC (NYSE:ESV) news was published by Seekingalpha.com which published an article titled: “Ensco: Don’t Lose Hope” on September 26, 2016.
ESV Company Profile
Ensco plc, incorporated on September 18, 2009, is an offshore contract drilling company. The Firm provides offshore contract drilling services to the international gas and oil industry. The Company’s divisions include Floaters, Jackups and Other. The Company’s Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling. The Other segment consists of management services on rigs owned by third parties. The Jackups divisions provide contract drilling. It owns and operates an offshore drilling rig fleet of over 60 rigs, including approximately four rigs under construction, with drilling activities in markets around the globe. The Company’s rig fleet includes approximately 10 drill ships, over 10 semisubmersible rigs, approximately three moored semisubmersible rigs and over 40 jackup rigs. Of its approximately 70 rigs, approximately 30 are located in the Middle East, Africa and Asia Pacific (including over four rigs under construction), over 20 are located in North and South America (including Brazil), and approximately 20 are located in Europe and the Mediterranean.
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