Ensco (NYSE:ESV) posted its quarterly earnings data on Thursday. The offshore drilling services provider reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01), Briefing.com reports. The business had revenue of $399.00 million during the quarter, compared to the consensus estimate of $404.69 million. Ensco had a negative return on equity of 5.98% and a negative net margin of 36.53%. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.23) earnings per share.
ESV stock opened at $4.10 on Friday. Ensco has a twelve month low of $3.19 and a twelve month high of $9.51. The stock has a market cap of $1.79 billion, a P/E ratio of -7.88 and a beta of 2.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.58 and a current ratio of 2.58.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Monday, March 11th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, March 8th. Ensco’s dividend payout ratio (DPR) is presently -7.69%.
A number of equities analysts have recently commented on the company. Wells Fargo & Co reiterated a “buy” rating on shares of Ensco in a research note on Friday. ValuEngine lowered Ensco from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 15th. Societe Generale set a $12.00 price objective on Ensco and gave the stock a “buy” rating in a research note on Thursday, November 1st. Piper Jaffray Companies set a $9.00 price objective on Ensco and gave the stock a “hold” rating in a research note on Sunday, November 4th. Finally, Cowen reiterated a “hold” rating and issued a $5.00 price objective on shares of Ensco in a research note on Monday, December 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Ensco presently has an average rating of “Hold” and an average price target of $7.50.
Ensco Company Profile
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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