Ensco plc (NYSE:ESV) has been downgraded by Societe Generale on December 20 which now rates the stock as Hold compared with Buy rating suggested in the past. Analysts at Johnson Rice, shed their negative views on October 17 by lifting it fromAccumulate to Buy. The stock won favor of Societe Generale analysts who expressed their confidence in it using an upgrade from Hold to Buy on October 12.
Ensco plc (ESV) hit an intraday high Friday at $4.42. The shares finished at $4.36, after trading as low as $4.27 earlier in the session. It dropped -3.54% in recent trade and currently has a stock-market value of $1.98B. Trading activity significantly weakened as the volume at ready counter decreased to 10,686,036 shares versus 17,049,836 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 15,031,325 shares. The stock is now 36.68% above against its bear-market low of $3.19 on December 26, 2018. It has retreated -118.12% since it’s 52-week high of $9.51 reached in October. Now the market price is down -38.76% on the year and up 22.47% YTD.
ESV’s 50 day simple moving average (SMA 50) price is $5.32 and its 200-day simple moving average (SMA 200) price is $6.46. The company’s stock currently has a total float of 434.05M shares. Its weekly volatility is hovering around 6.14% and felt 8.59% volatility in price over a month. On the upside, the share price will test short term resistance at around $4.43. On a downside, the stock is likely to find some support, which begins at $4.28. The failure to get near-term support could push it to $4.2.
Separately, it has been reported that multiple insider activity took place at Ensco plc (ESV). Sr. VP – Eastern Hemisphere Brady Steven Joseph sold 4,500 shares for $314,864 in transaction occurred on 2018/11/14. After making this transaction, the Sr. VP – Eastern Hemisphere owns a direct stake of 27,990 shares, worth $1,372,807, as per the last closing price. On 2015/12/23 Edwards Robert W Iii, Vice President – Finance at ESV, dumped 1,500 shares at an average price of $16.22 per share. The selling total is valued at $137,039.
Executive Vice President & CFO, Swent James W Iii had divested 59,189 shares for $15,932 through a trade on 2015/11/02. Following this activity, the insider holds 1,054,156 shares worth $69,464 as of recent close. Wall Street’s most bullish Ensco plc (NYSE:ESV) analysts are predicting the share price to blow past $12 per share during the next 12 months. The current median share price forecast by them is $7, suggesting that the stock could increase 60.55% in that time frame. The average price target of $6.9 calls for a nearly 58.26% increase in the stock price.
Also, it is trading at rather inexpensive levels at just over 0.23x price/book and 1.12x price/sales. Compared to others, Ensco plc is in a different league with regards to profitability, having net margins of -36.6%. To put some perspective around this, the industry’s average net margin is -27.17%. ESV’s ROE is -7.6%, which is also considerably better than the industry’s ROE of -29.77%. It’s also very liquid in the near term, with a current ratio of 2.6. The stock has a debt/capital of 0.
Shares of Ensco plc (ESV) have dropped -36.6% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Ensco plc (NYSE:ESV) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 2 quarters (16%), whereas at 0 occasion EPS met analyst expectations. ESV last reported earnings on October 29, 2018 when it released Sep-18 results that exceeded expectations. The company raked in -$0.33 per share, -90.81% change on the same period last year. That was better than consensus for -$0.34. Revenue for the recent quarter stood at $430.9 million, down -6% on last year and above the $423.61 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $401.5 million to $465.8 million, which should be compared with $474.22 million generated last year. EPS is seen in a range of -$0.36 to -$0.15, against the -$0.13 reported a year ago.