Research Analysts Issue Forecasts for Ensco Plc’s Q1 2019 Earnings (ESV)

Ensco Plc (NYSE:ESV) – Research analysts at Piper Jaffray Companies issued their Q1 2019 earnings estimates for shares of Ensco in a research report issued to clients and investors on Monday, April 22nd. Piper Jaffray Companies analyst I. Macpherson expects that the offshore drilling services provider will earn ($2.02) per share for the quarter. Piper Jaffray Companies currently has a “Hold” rating and a $16.00 target price on the stock. Piper Jaffray Companies also issued estimates for Ensco’s Q2 2019 earnings at ($1.54) EPS, Q3 2019 earnings at ($1.44) EPS, Q4 2019 earnings at ($1.65) EPS, FY2019 earnings at ($6.47) EPS, Q1 2020 earnings at ($1.29) EPS, Q2 2020 earnings at ($0.98) EPS, Q3 2020 earnings at ($0.96) EPS, Q4 2020 earnings at ($1.05) EPS, FY2020 earnings at ($4.29) EPS and FY2021 earnings at ($1.86) EPS.

Ensco (NYSE:ESV) last released its quarterly earnings data on Wednesday, February 27th. The offshore drilling services provider reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). Ensco had a negative return on equity of 6.95% and a negative net margin of 37.51%. The business had revenue of $399.00 million for the quarter, compared to the consensus estimate of $404.69 million. During the same period in the previous year, the business posted ($0.23) earnings per share. Ensco’s revenue was down 12.1% on a year-over-year basis.

Several other equities analysts also recently issued reports on the stock. Morgan Stanley began coverage on shares of Ensco in a report on Tuesday, April 16th. They set an “overweight” rating and a $25.00 price target for the company. ValuEngine raised shares of Ensco from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Citigroup began coverage on shares of Ensco in a report on Thursday, April 11th. They set a “neutral” rating for the company. Societe Generale set a $5.00 price target on shares of Ensco and gave the company a “hold” rating in a report on Tuesday, March 26th. Finally, HSBC raised shares of Ensco from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.96.

Shares of ESV stock opened at $15.74 on Thursday. Ensco has a 12-month low of $12.76 and a 12-month high of $38.04. The stock has a market cap of $1.88 billion, a P/E ratio of -2.94 and a beta of 2.16. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 0.62.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LS Investment Advisors LLC raised its stake in shares of Ensco by 1.4% in the first quarter. LS Investment Advisors LLC now owns 57,632 shares of the offshore drilling services provider’s stock worth $226,000 after acquiring an additional 778 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Ensco by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 117,100 shares of the offshore drilling services provider’s stock worth $460,000 after acquiring an additional 1,100 shares during the last quarter. American International Group Inc. raised its stake in shares of Ensco by 0.3% in the fourth quarter. American International Group Inc. now owns 883,012 shares of the offshore drilling services provider’s stock worth $3,144,000 after acquiring an additional 2,385 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Ensco by 0.4% in the first quarter. Retirement Systems of Alabama now owns 569,178 shares of the offshore drilling services provider’s stock worth $2,237,000 after acquiring an additional 2,448 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Ensco by 17.4% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 18,200 shares of the offshore drilling services provider’s stock worth $65,000 after acquiring an additional 2,700 shares during the last quarter.

Ensco Company Profile

Ensco Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its business through the following segments: Floaters, Jackups, and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service.

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Earnings History and Estimates for Ensco (NYSE:ESV)

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