About Ensco Plc (NYSE:ESV)
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling. Other consists of management services on rigs owned by third parties. The Floaters and the Jackups segments provide contract drilling. It owned and operated an offshore drilling rig fleet of 57 rigs, including two rigs under construction, with drilling operations around the world, as of December 31, 2016. As of December 31, 2016, its rig fleet included eight drill ships, 10 dynamically positioned semisubmersible rigs, three moored semisubmersible rigs and 38 jackup rigs. As of December 31, 2016, of its 59 rigs, 25 were located in the Middle East, Africa and Asia Pacific, 16 were located in North and South America (including Brazil) and 18 were located in Europe and the Mediterranean.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Drilling
- Sub-Industry: N/A
- Symbol: NYSE:ESV
- CUSIP: N/A
- Web: www.enscoplc.com
- Market Cap: $1.68101 billion
- Outstanding Shares: 303,950,000
- 50 Day Moving Avg: $5.21
- 200 Day Moving Avg: $6.09
- 52 Week Range: $4.10 - $12.04
Sales & Book Value:
- Trailing P/E Ratio: 35.38
- Foreward P/E Ratio: -5.78
- P/E Growth: 0.14
- Annual Revenue: $1.98 billion
- Price / Sales: 0.87
- Book Value: $26.93 per share
- Price / Book: 0.21
- Annual Dividend: $0.04
- Dividend Yield: 0.7%
- EBITDA: $716.6 million
- Net Margins: 2.68%
- Return on Equity: 0.77%
- Return on Assets: 0.45%
- Debt-to-Equity Ratio: 0.58%
- Current Ratio: 5.03%
- Quick Ratio: 5.03%
- Average Volume: 17.85 million shs.
- Beta: 1.74
- Short Ratio: 2.9
Frequently Asked Questions for Ensco Plc (NYSE:ESV)
What is Ensco Plc's stock symbol?
Ensco Plc trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESV."
How often does Ensco Plc pay dividends? What is the dividend yield for Ensco Plc?
Ensco Plc announced a quarterly dividend on Tuesday, August 29th. Investors of record on Monday, September 11th will be paid a dividend of $0.01 per share on Friday, September 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, September 8th. View Ensco Plc's Dividend History.
How were Ensco Plc's earnings last quarter?
Ensco Plc (NYSE:ESV) issued its quarterly earnings data on Thursday, July, 27th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The business had revenue of $457.50 million for the quarter, compared to the consensus estimate of $453.48 million. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. Ensco Plc's quarterly revenue was down 49.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.04 earnings per share. View Ensco Plc's Earnings History.
When will Ensco Plc make its next earnings announcement?
Where is Ensco Plc's stock going? Where will Ensco Plc's stock price be in 2017?
19 equities research analysts have issued 12 month target prices for Ensco Plc's stock. Their forecasts range from $4.00 to $15.00. On average, they anticipate Ensco Plc's stock price to reach $9.16 in the next twelve months. View Analyst Ratings for Ensco Plc.
What are analysts saying about Ensco Plc stock?
Here are some recent quotes from research analysts about Ensco Plc stock:
- 1. According to Zacks Investment Research, "Since 2016, cash flow from core operations for Ensco has been declining steeply with no sign of improvement. Also, the company’s balance sheet started to show declining cash balances reflecting weak financials. We believe that reduced rig operating days following lower utilization of floaters continues to hurt Ensco’s net cashflow. Average dayrates for the company’s rigs also deteriorated during second quarter, supported deteriorating cashflow. Eventually, the company is paying dividend yield much lesser than Zacks Oil Drilling industry. All those weaknesses are reflected in Ensco’s unimpressive pricing chart snapshot. Over the past year, the company fell 33.1%, underperforming the industry’s 22.4% decline." (10/12/2017)
- 2. Evercore ISI analysts commented, " We expect Ensco to continue generating strong cash flow from operations over the next couple of years as the offshore drilling market works through the extended downcycle, although FCF may turn negative for a quarter or two if the company ramps up capex to upgrade existing assets or reactivate preservation stacked floaters. The offshore sector has reached a different point of the cycle and Ensco is positioning itself for the eventual recovery. Meanwhile, Ensco retains full access to its $2.25 billion revolver for potential acquisitions of distressed assets or small 6-to-10 rig companies. Our 2018 estimates assumes Ensco reactivates one floater at 50% utilization and a $275kpd operating dayrate. We continue to rate the company Outperform with a $14 price target based on an 8.4x target multiple on our 2019 EBITDA estimate." (3/3/2017)
- 3. Jefferies Group LLC analysts commented, "Much higher opex guidance and reference to some expenses being incurred on a preservation stacked rig lead us to believe that ESV has its sights on a term floater fixture, and that it sees a steady stream of jackup awards forthcoming. Economics are likely to be poor (and near-term it hits our numbers), but it positions the company better long-term. ESV is our preferred Hold on contracting momentum and reasonable valuation (we see modest upside to fair value)." (3/1/2017)
Are investors shorting Ensco Plc?
Ensco Plc saw a increase in short interest during the month of September. As of September 29th, there was short interest totalling 93,970,860 shares, an increase of 8.4% from the September 15th total of 86,659,476 shares. Based on an average daily volume of 19,570,093 shares, the short-interest ratio is presently 4.8 days. Currently, 31.1% of the company's stock are sold short.
Who are some of Ensco Plc's key competitors?
Some companies that are related to Ensco Plc include Nabors Industries (NBR), Diamond Offshore Drilling (DO), Rowan Companies PLC (RDC), Precision Drilling Corporation (PDS), Atwood Oceanics (ATW), Mammooth Energy (TUSK), Pioneer Energy Services Corp. (PES), Seadrill Ltd (SDRL), Seadrill Limited (SDRL), Parker Drilling Company (PKD), Pacific Drilling SA (PACD), Pioneer Energy Services Corp (PDC) and Transocean Partners LLC (RIGP).
Who are Ensco Plc's key executives?
Ensco Plc's management team includes the folowing people:
- Carl G. Trowell, President, Chief Executive Officer, Director
- Jonathan Baksht, Chief Financial Officer, Senior Vice President
- Patrick Carey Lowe, Chief Operating Officer, Executive Vice President
- Michael T. McGuinty, Senior Vice President, General Counsel, Secretary
- Steven J. Brady, Senior Vice President - Eastern Hemisphere
- John Stokes Knowlton, Senior Vice President - Technical
- Gilles Luca, Senior Vice President - Western Hemisphere
- Paul E. Rowsey III, Non-Executive Independent Chairman of the Board
- James Roderick Clark, Independent Director
- Roxanne J. Decyk, Independent Director
How do I buy Ensco Plc stock?
Shares of Ensco Plc can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ensco Plc's stock price today?
MarketBeat Community Rating for Ensco Plc (NYSE ESV)MarketBeat's community ratings are surveys of what our community members think about Ensco Plc and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Ensco Plc stock can currently be purchased for approximately $5.66.
Consensus Ratings for Ensco Plc (NYSE:ESV) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 6 Hold Ratings, 10 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.37)|
|Consensus Price Target: ||$9.16 (61.77% upside)|Consensus Price Target History for Ensco Plc (NYSE:ESV)
Analysts' Ratings History for Ensco Plc (NYSE:ESV)
(Data available from 10/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/13/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Buy||$8.00||N/A|
|10/10/2017||Deutsche Bank AG||Initiated Coverage||Hold||$6.00||N/A|
|9/30/2017||Nordea Equity Research||Reiterated Rating||Buy||$8.00||Medium|
|7/28/2017||BMO Capital Markets||Boost Price Target||Market Perform||$4.75 -> $5.00||Low|
|7/18/2017||Jefferies Group LLC||Reiterated Rating||Hold||$9.00 -> $6.00||Medium|
|7/12/2017||Seaport Global Securities||Reiterated Rating||Sell||Low|
|6/30/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||$7.00 -> $5.00||Medium|
|6/19/2017||Piper Jaffray Companies||Upgrade||Neutral -> Overweight||$9.20 -> $8.00||Low|
|5/30/2017||Clarkson Capital||Upgrade||Neutral -> Buy||$10.00||High|
|4/27/2017||Barclays PLC||Reiterated Rating||Sell||$8.00||High|
|3/23/2017||Tudor Pickering||Initiated Coverage||Hold||Low|
|3/22/2017||Scotiabank||Set Price Target||Buy||$13.00||Low|
|3/3/2017||Evercore ISI||Boost Price Target||Buy||$13.00 -> $14.00||N/A|
|2/28/2017||Credit Suisse Group||Set Price Target||Buy||$15.00||N/A|
|1/24/2017||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||N/A|
|1/11/2017||Citigroup Inc.||Upgrade||Neutral -> Buy||$9.00 -> $15.00||N/A|
|12/1/2016||Sanford C. Bernstein||Initiated Coverage||Outperform||$12.50||N/A|
|10/28/2016||FBR & Co||Lower Price Target||Market Perform||$25.00 -> $9.00||N/A|
|9/19/2016||Zephirin Group||Upgrade||Hold -> Buy||$12.00||N/A|
|9/15/2016||Howard Weil||Reiterated Rating||Sector Outperform||N/A|
|9/14/2016||Scotia Howard Weill||Initiated Coverage||Outperform||$10.00 -> $10.00||N/A|
|8/16/2016||Nomura||Set Price Target||Sell||$6.00||N/A|
|7/19/2016||DNB Markets||Downgrade||Hold -> Sell||N/A|
|6/28/2016||Susquehanna Bancshares Inc||Upgrade||Negative -> Neutral||N/A|
|6/13/2016||Johnson Rice||Upgrade||Hold -> Accumulate||N/A|
|5/20/2016||J P Morgan Chase & Co||Reiterated Rating||Underweight||N/A|
|4/15/2016||Morgan Stanley||Upgrade||Underweight -> Equal Weight||$10.00 -> $14.00||N/A|
|3/21/2016||Cowen and Company||Lower Price Target||$13.00 -> $9.50||N/A|
|2/29/2016||KLR Group||Reiterated Rating||Buy||$14.00||N/A|
|2/28/2016||Wells Fargo & Company||Downgrade||Outperform -> Underperform||N/A|
|2/26/2016||Iberia Capital||Boost Price Target||Sector Perform||$9.00 -> $17.00||N/A|
|1/21/2016||Stephens||Lower Price Target||$18.00 -> $10.00||N/A|
|11/30/2015||Guggenheim||Upgrade||Neutral -> Buy||$21.00||N/A|
Earnings History for Ensco Plc (NYSE:ESV)Earnings History by Quarter for Ensco Plc (NYSE ESV)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||($0.12)||($0.10)||$453.48 million||$457.50 million||View||N/A|
|4/27/2017||3/31/2017||($0.10)||($0.04)||$468.78 million||$471.10 million||View||N/A|
|2/27/2017||Q416||$0.05||$0.09||$505.61 million||$505.00 million||View||N/A|
|10/26/2016||Q3||$0.13||$0.28||$541.65 million||$548.00 million||View||N/A|
|7/27/2016||Q216||$0.53||$2.04||$746.55 million||$910.00 million||View||N/A|
|4/27/2016||Q116||$0.76||$0.74||$792.95 million||$814.00 million||View||N/A|
|2/24/2016||Q415||$0.73||$0.92||$869.59 million||$828.30 million||View||Listen|
|7/29/2015||Q215||$1.05||$1.18||$1.05 billion||$1.06 billion||View||Listen|
|4/29/2015||Q115||$1.29||$1.49||$1.13 billion||$1.13 billion||View||N/A|
|2/25/2015||Q414||$1.38||$1.68||$1.16 billion||$1.16 billion||View||Listen|
|10/29/2014||Q314||$1.62||$1.87||$1.23 billion||$1.26 billion||View||N/A|
|7/30/2014||Q214||$1.32||$1.58||$1.22 billion||$1.20 billion||View||N/A|
|4/28/2014||Q114||$1.21||$1.31||$534.41 million||$1.19 billion||View||N/A|
|2/20/2014||Q4||$1.65||$1.56||$1.29 billion||$1.26 billion||View||Listen|
|10/24/2013||Q313||$1.62||$1.62||$1.28 billion||$1.27 billion||View||Listen|
|7/29/2013||Q2 2013||$1.49||$1.55||$1.24 billion||$1.25 billion||View||Listen|
|4/29/2013||Q1 2013||$1.29||$1.36||$1.14 billion||$1.15 billion||View||Listen|
|10/31/2012||Q312||$1.30||$1.48||$1.10 billion||$1.12 billion||View||N/A|
Earnings Estimates for Ensco Plc (NYSE:ESV)
2017 EPS Consensus Estimate: ($0.33)
2018 EPS Consensus Estimate: ($0.55)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Ensco Plc (NYSE:ESV)
|Most Recent Dividend:||9/22/2017|
|Dividend Growth:||-76.30% (3 Year Average)|
|Payout Ratio:||23.53% (Trailing 12 Months of Earnings) |
-9.09% (Based on This Year's Estimates)
-4.08% (Based on Next Year's Estimates)
Dividend History by Quarter for Ensco Plc (NYSE ESV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Ensco Plc (NYSE:ESV)
Insider Ownership Percentage: 0.59%Insider Trades by Quarter for Ensco Plc (NYSE:ESV)
Institutional Ownership Percentage: 91.56%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|12/23/2015||Robert W Edwards III||VP||Sell||1,500||$16.22||$24,330.00|| |
|11/2/2015||James W Swent III||CFO||Sell||59,189||$17.81||$1,054,156.09|| |
|6/23/2015||James W Swent III||CFO||Sell||50,000||$22.73||$1,136,500.00|| |
|9/8/2014||Carl Trowell||CEO||Buy||2,200||$47.04||$103,488.00|| |
|6/6/2014||Steven Joseph Brady||VP||Sell||4,869||$51.87||$252,555.03|| |
|6/3/2014||John Stokes Knowlton||VP||Sell||7,500||$53.40||$400,500.00|| |
|5/22/2014||Daniel Wayne Rabun||Chairman||Sell||50,000||$51.58||$2,579,000.00|| |
Headline Trends for Ensco Plc (NYSE:ESV)
Latest Headlines for Ensco Plc (NYSE:ESV)
Ensco Plc (ESV) Chart for Tuesday, October, 17, 2017