Ensco Plc (NYSE:ESV) Downgraded by BidaskClub

Taking a broader look brokerage firms' analysts on the street with an expectant view have Ensco Plc (NYSE:ESV) high price target of $15 and with a conservative view have low price target of $4. It is positive, as 52 investors sold ESV shares while 93 reduced holdings. The company maintains price to book ratio of 0.18.

Currently Ensco Plc (NYSE:ESV)'s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 89.8%.

Several brokerages have commented on ESV. The average analysts gave this company a mean recommendation of 2.00.

At the end of Mar reporting period, 164 institutional holders increased their position in Ensco plc (NYSE:ESV) by some 69,969,479 shares, 166 decreased positions by 72,943,573 and 54 held positions by 138,948,674. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, June 21 report. Ensco Plc has a 52-week low of $4.89 and a 52-week high of $12.04. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of "Hold" and an average target price of $10.03.

Other large investors also recently modified their holdings of the company.

Ensco plc (NYSE:ESV) has a current Magic Formula rank of 4519. For the quarter, shares have been noted at -43.32%. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 26,164,554 shares of the stock are valued at $138.41 million. Alyeska Investment Group L.P. now owns 5,817,738 shares of the offshore drilling services provider's stock valued at $56,548,000 after buying an additional 4,828,991 shares in the last quarter. Finally, Numeric Investors LLC raised its stake in Ensco Plc by 224.6% in the fourth quarter. They expect $-0.07 earnings per share, down 113.73% or $0.58 from last year's $0.51 per share. PA increased its stake in Ensco Plc by 262.3% in the fourth quarter. About 1,354 shares traded. The formula which was developed by hedge fund manager Joel Greenblatt, is meant to spot high quality companies that are trading at an attractive price.

ENSCO PLC is trading at a lower price-to-earnings ratio than Transocean Partners, indicating that it is now the more affordable of the two stocks. The stock closing price is now trading downward to its 50 day moving average with change of -24.00%, tumbled to its 20 day moving average with figure of -9.12% and behind its 200 day moving average with value -41.65%. For the current year the company's revenue estimates are $1.84 Billion compared to low analyst estimates of $1.76 Billion and high estimates of $1.94 Billion according to 16 number of analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

ENSCO PLC (NYSE:ESV) last released its quarterly earnings data on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.06.

The company announced a dividend for shareholders paid on Friday the 16th of June 2017. The ex-dividend date was Thursday, June 1st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.79%. Ensco Plc's payout ratio is presently 1.69%.

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Ensco plc, launched on September 18, 2009, is an offshore contract drilling company. The Firm provides offshore contract drilling services to the worldwide gas and oil industry. The Company operates through three segments: Floaters, Jackups and Other.

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