The stock of ENSCO PLC (NYSE:ESV) is a huge mover today! About 12.73 million shares traded hands or 58.73% up from the average. ENSCO PLC (NYSE:ESV) has declined 35.26% since April 27, 2016 and is downtrending. It has underperformed by 40.49% the S&P500.
The move comes after 7 months positive chart setup for the $2.63B company. It was reported on Nov, 30 by Barchart.com. We have $9.58 PT which if reached, will make NYSE:ESV worth $78.90M more.
Analysts await ENSCO PLC (NYSE:ESV) to report earnings on February, 22. They expect $0.08 earnings per share, down 91.30% or $0.84 from last year’s $0.92 per share. ESV’s profit will be $22.65 million for 29.03 P/E if the $0.08 EPS becomes a reality. After $0.25 actual earnings per share reported by ENSCO PLC for the previous quarter, Wall Street now forecasts -68.00% negative EPS growth.
ENSCO PLC (NYSE:ESV) Ratings Coverage
Out of 26 analysts covering Ensco Plc (NYSE:ESV), 6 rate it a “Buy”, 6 “Sell”, while 14 “Hold”. This means 23% are positive. Ensco Plc has been the topic of 47 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Clarkson Capital upgraded the shares of ESV in a report on Thursday, September 22 to “Neutral” rating. Barclays Capital downgraded the stock to “Underweight” rating in Monday, March 28 report. The stock of ENSCO PLC (NYSE:ESV) earned “Hold” rating by DNB Markets on Tuesday, April 19. As per Thursday, January 7, the company rating was maintained by Cowen & Co. The rating was initiated by Bank of America with “Underperform” on Monday, June 13. The stock of ENSCO PLC (NYSE:ESV) has “Sector Outperform” rating given on Friday, July 31 by Howard Weil. Citigroup maintained the stock with “Neutral” rating in Thursday, August 25 report. The stock of ENSCO PLC (NYSE:ESV) earned “Buy” rating by KLR Group on Monday, December 14. The company was upgraded on Monday, June 13 by Johnson Rice. Citigroup maintained it with “Neutral” rating and $11 target price in Wednesday, March 16 report.
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 decreased to 1.05 in 2016 Q2. Its down 0.21, from 1.26 in 2016Q1. The ratio turned negative, 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.
The Illinois-based Ubs Asset Management Americas has invested 0.01% in ENSCO PLC (NYSE:ESV). Putnam Invs Limited Liability has 0.01% invested in the company for 240,720 shares. Commerzbank Aktiengesellschaft Fi holds 0% or 15,937 shares in its portfolio. Johnson Fin has 0% invested in the company for 1,800 shares. Exane Derivatives holds 2,778 shares or 0% of its portfolio. Shoker Investment Counsel holds 10,496 shares or 0.09% of its portfolio. Principal Fincl Grp reported 1.14 million shares or 0.02% of all its holdings. The Illinois-based Guggenheim Capital has invested 0.01% in ENSCO PLC (NYSE:ESV). Balyasny Asset Ltd Company accumulated 7.50 million shares or 0.47% of the stock. Hartford Mgmt Co, a Connecticut-based fund reported 19,590 shares. First Manhattan holds 33,743 shares or 0% of its portfolio. Van Eck Assocs Corp accumulated 0.15% or 3.00 million shares. Mcf Advsr Limited Com has 0% invested in the company for 175 shares. The Netherlands-based Robeco Institutional Asset Mgmt Bv has invested 0.04% in ENSCO PLC (NYSE:ESV). Capstone Asset Management has 0.01% invested in the company for 20,210 shares.
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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