An issue of Ensco Plc (NYSE:ESV) bonds rose 1.4% as a percentage of their face value during trading on Tuesday. The debt issue has a 4.5% coupon and is set to mature on October 1, 2024. The bonds in the issue are now trading at $89.56 and were trading at $85.06 last week. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its stock price.

Several equities analysts recently issued reports on ESV shares. BMO Capital Markets set a $5.00 price objective on shares of Ensco and gave the company a “hold” rating in a report on Tuesday, October 17th. B. Riley reissued a “neutral” rating on shares of Ensco in a report on Wednesday, November 1st. Jefferies Group set a $6.00 price objective on shares of Ensco and gave the company a “hold” rating in a report on Sunday, October 29th. Zacks Investment Research raised shares of Ensco from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, ValuEngine lowered shares of Ensco from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $8.24.

Ensco Plc (NYSE ESV) traded down $0.03 during midday trading on Tuesday, reaching $7.05. 21,220,512 shares of the company’s stock traded hands, compared to its average volume of 16,074,301. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.58. Ensco Plc has a fifty-two week low of $4.10 and a fifty-two week high of $12.04. The stock has a market capitalization of $3,070.00, a price-to-earnings ratio of -30.65 and a beta of 1.82.

Ensco (NYSE:ESV) last released its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.11. Ensco had a negative net margin of 3.04% and a negative return on equity of 0.37%. The business had revenue of $460.00 million for the quarter, compared to analyst estimates of $457.79 million. During the same period in the previous year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was down 16.1% on a year-over-year basis. analysts forecast that Ensco Plc will post -0.54 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, December 1st. Ensco’s dividend payout ratio is currently -17.39%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Ensco by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,676 shares of the offshore drilling services provider’s stock worth $246,000 after purchasing an additional 143 shares during the last quarter. Comerica Bank grew its holdings in Ensco by 0.3% in the second quarter. Comerica Bank now owns 259,039 shares of the offshore drilling services provider’s stock worth $1,386,000 after purchasing an additional 764 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Ensco by 1.6% during the second quarter. MML Investors Services LLC now owns 145,299 shares of the offshore drilling services provider’s stock valued at $750,000 after buying an additional 2,254 shares during the last quarter. Check Capital Management Inc. CA grew its holdings in shares of Ensco by 10.4% during the second quarter. Check Capital Management Inc. CA now owns 28,735 shares of the offshore drilling services provider’s stock valued at $148,000 after buying an additional 2,700 shares during the last quarter. Finally, Messner & Smith Theme Value Investment Management Ltd. CA grew its holdings in shares of Ensco by 1.6% during the second quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 235,589 shares of the offshore drilling services provider’s stock valued at $1,215,000 after buying an additional 3,736 shares during the last quarter. 76.80% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Ensco (ESV) Bonds Rise 1.4% During Trading” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://theolympiareport.com/2018/01/09/ensco-esv-bonds-rise-1-4-during-trading.html.

About Ensco

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.

Receive News & Ratings for Ensco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco and related companies with MarketBeat.com's FREE daily email newsletter.