Ensco Plc Company Profile (NYSE:ESV)

Ensco Plc trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESV."

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.

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.

Ensco Plc is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Ensco Plc.

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.

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)

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.

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).

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

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.

One share of Ensco Plc stock can currently be purchased for approximately $5.66.