Shares of Ensco Rowan PLC (NYSE:ESV) were down 0.9% during trading on Friday . The company traded as low as $8.99 and last traded at $8.96, approximately 100,044 shares traded hands during mid-day trading. A decline of 99% from the average daily volume of 6,750,087 shares. The stock had previously closed at $9.04.
A number of analysts recently commented on ESV shares. Societe Generale set a $5.00 price objective on Ensco Rowan and gave the stock a “hold” rating in a research report on Tuesday, March 26th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Bank of America set a $77.00 price objective on Citigroup and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup set a $8.00 price objective on Diamond Offshore Drilling and gave the stock a “sell” rating in a research report on Friday, May 17th. Finally, Morgan Stanley lowered GasLog Partners LP Unit from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $23.00 to $18.00 in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.05.
The firm has a 50-day moving average price of $8.23. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.34 and a quick ratio of 2.34.
Ensco Rowan (NYSE:ESV) last posted its earnings results on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.79) by $0.10. The company had revenue of $405.90 million during the quarter, compared to analyst estimates of $405.12 million. Ensco Rowan had a negative return on equity of 7.65% and a negative net margin of 40.72%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.32) EPS. On average, equities research analysts forecast that Ensco Rowan PLC will post -5.01 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of ESV. Nisa Investment Advisors LLC acquired a new position in shares of Ensco Rowan in the 1st quarter valued at approximately $28,000. First Allied Advisory Services Inc. acquired a new position in shares of Ensco Rowan in the 4th quarter valued at approximately $49,000. Magnus Financial Group LLC acquired a new position in shares of Ensco Rowan in the 4th quarter valued at approximately $64,000. Amundi Pioneer Asset Management Inc. grew its position in shares of Ensco Rowan by 17.4% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 18,200 shares of the offshore drilling services provider’s stock valued at $65,000 after purchasing an additional 2,700 shares during the period. Finally, Clear Harbor Asset Management LLC acquired a new position in shares of Ensco Rowan in the 1st quarter valued at approximately $69,000.
About Ensco Rowan (NYSE:ESV)
Ensco Rowan plc provides offshore drilling services in various water depths worldwide. It operates a rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups. The company's offshore fleet include 16 drillships, 12 semisubmersibles, 54 jackups, and 2 deepwater managed units.
Further Reading: Price-Sales Ratio
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