Ensco Plc (NYSE:ESV) Getting Somewhat Critical News Coverage, Analysis Shows

Headlines about Ensco Plc (NYSE:ESV) have been trending somewhat negative recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ensco Plc earned a daily sentiment score of -0.16 on Accern’s scale. Accern also gave headlines about the offshore drilling services provider an impact score of 72 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

Ensco Plc (NYSE:ESV) traded up 0.38% on Friday, reaching $5.31. 15,527,730 shares of the company’s stock traded hands. The stock has a 50-day moving average of $5.39 and a 200 day moving average of $8.10. The firm has a market capitalization of $1.61 billion, a P/E ratio of 33.19 and a beta of 1.64. Ensco Plc has a 52 week low of $4.71 and a 52 week high of $12.04.

Ensco Plc (NYSE:ESV) last posted its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The business’s quarterly revenue was down 49.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.04 earnings per share. On average, equities analysts expect that Ensco Plc will post ($0.30) EPS for the current fiscal year.

A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Seaport Global Securities downgraded shares of Ensco Plc from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $6.50 to $4.00 in a research note on Wednesday, June 21st. BidaskClub raised shares of Ensco Plc from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC set a $9.00 price target on shares of Ensco Plc and gave the company a “hold” rating in a research note on Wednesday, May 24th. Finally, Clarkson Capital raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Tuesday, May 30th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.64.

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Ensco Plc Company Profile

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.

Insider Buying and Selling by Quarter for Ensco Plc (NYSE:ESV)

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