BTIG Research initiated coverage on shares of Ensco (NYSE:ESV) in a research report released on Monday morning, The Fly reports. The brokerage issued a buy rating and a $10.00 price target on the offshore drilling services provider’s stock.

Several other equities analysts have also weighed in on ESV. ValuEngine upgraded shares of Ensco from a hold rating to a buy rating in a report on Tuesday, June 5th. HSBC lowered shares of Ensco from a buy rating to a hold rating and lifted their target price for the company from $6.49 to $7.00 in a report on Thursday, June 7th. Citigroup lifted their target price on shares of Ensco from $5.25 to $6.40 and gave the company a neutral rating in a report on Thursday, June 21st. Tudor Pickering upgraded shares of Ensco from a hold rating to a buy rating in a report on Thursday, July 12th. Finally, Piper Jaffray Companies restated a hold rating and set a $6.25 target price on shares of Ensco in a report on Friday, July 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $6.86.

Shares of NYSE ESV opened at $7.12 on Monday. Ensco has a 52-week low of $4.10 and a 52-week high of $8.00. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.59.

Ensco (NYSE:ESV) last posted its earnings results on Wednesday, July 25th. The offshore drilling services provider reported ($0.30) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.03. The business had revenue of $458.50 million for the quarter, compared to analyst estimates of $449.69 million. Ensco had a negative net margin of 29.25% and a negative return on equity of 4.51%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.10) EPS. equities research analysts expect that Ensco will post -1.34 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Monday, September 10th will be issued a $0.01 dividend. The ex-dividend date is Friday, September 7th. This represents a $0.04 dividend on an annualized basis and a yield of 0.56%. Ensco’s dividend payout ratio is currently -7.69%.

A number of hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in Ensco by 254.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 11,322 shares of the offshore drilling services provider’s stock worth $629,000 after buying an additional 8,128 shares in the last quarter. Arizona State Retirement System lifted its holdings in Ensco by 2.9% in the 2nd quarter. Arizona State Retirement System now owns 303,474 shares of the offshore drilling services provider’s stock worth $2,203,000 after buying an additional 8,482 shares in the last quarter. FIL Ltd lifted its holdings in Ensco by 10.8% in the 1st quarter. FIL Ltd now owns 89,567 shares of the offshore drilling services provider’s stock worth $393,000 after buying an additional 8,752 shares in the last quarter. Check Capital Management Inc. CA lifted its holdings in Ensco by 39.5% in the 2nd quarter. Check Capital Management Inc. CA now owns 31,525 shares of the offshore drilling services provider’s stock worth $229,000 after buying an additional 8,930 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Ensco by 78.5% in the 1st quarter. Private Advisor Group LLC now owns 23,717 shares of the offshore drilling services provider’s stock worth $103,000 after buying an additional 10,430 shares in the last quarter. Hedge funds and other institutional investors own 97.59% of the company’s stock.

About Ensco

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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Analyst Recommendations for Ensco (NYSE:ESV)

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