Ensco plc (NYSE:ESV) rose 0% on Thursday . The stock traded as high as $5.32 and last traded at $5.21. Approximately 4,828,056 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 13,199,374 shares. The stock had previously closed at $5.21.
ESV has been the subject of several recent analyst reports. Piper Jaffray downgraded Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 price target for the company. in a report on Thursday, January 11th. Zacks Investment Research downgraded Ensco from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Susquehanna Bancshares set a $7.00 target price on Ensco and gave the stock a “hold” rating in a report on Friday, January 12th. Credit Suisse Group set a $8.00 target price on Ensco and gave the stock a “hold” rating in a report on Tuesday, February 27th. Finally, Citigroup downgraded Ensco from a “buy” rating to a “neutral” rating in a report on Monday, March 19th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.61.
The firm has a market cap of $2,271.61, a PE ratio of -10.44 and a beta of 1.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.13 and a quick ratio of 2.13.
The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, March 2nd. Ensco’s payout ratio is presently -7.69%.
Large investors have recently made changes to their positions in the business. Private Advisor Group LLC acquired a new position in Ensco in the third quarter valued at approximately $100,000. Bedel Financial Consulting Inc. acquired a new position in Ensco in the fourth quarter valued at approximately $100,000. ARGA Investment Management LP acquired a new position in Ensco in the fourth quarter valued at approximately $113,000. Investors Research Corp acquired a new position in Ensco in the fourth quarter valued at approximately $128,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Ensco in the fourth quarter valued at approximately $136,000. 92.16% of the stock is owned by institutional investors.
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Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.
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