ENSCO PLC (ESV) Releases Earnings Results, Misses Expectations By $-0.02 EPS

ENSCO PLC (ESV) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.74 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.76. The company posted revenue of $814.00 million in the period, compared to analysts expectations of $814.26 million. The company’s revenue was down -30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS.

Many Wall Street Analysts have commented on ENSCO PLC. Company shares were Upgraded by Deutsche Bank on Apr 18, 2016 to ” Hold”, Firm has raised the Price Target to $ 9 from a previous price target of $4 .ENSCO PLC was Upgraded by Morgan Stanley to ” Equal-Weight” on Apr 15, 2016. ENSCO PLC was Initiated by Nomura to “Reduce” on Apr 8, 2016.

ENSCO PLC opened for trading at $11.2 and hit $12.15 on the upside on Friday, eventually ending the session at $11.9, with a gain of 6.63% or 0.74 points. The heightened volatility saw the trading volume jump to 1,04,00,988 shares. Company has a market cap of $2,806 M.

In a different news, on Dec 28, 2015, Robert W Iii Edwards (Vice President – Finance) sold 1,500 shares at $16.22 per share price. According to the SEC, on Nov 4, 2015, James W Iii Swent (Executive Vice President & CFO) sold 59,189 shares at $17.81 per share price. On Jun 1, 2015, John Stokes Knowlton (Sr. Vice President – Technical) purchased 41 shares at $49.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Ensco plc (Ensco) is a global offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company operates in three segments: Floaters which includes its drill ships and semisubmersible rigs; Jackups and Other which consists of management services on rigs owned by third-parties. Its Floaters and Jackups segments provide contract drilling. It owns and operates an offshore drilling rig fleet of around 70 rigs including seven rigs under construction with drilling operations in markets around the globe. Its rig fleet includes around 10 drill ships 13 semisubmersible rigs five moored semisubmersible rigs and 42 jackup rigs. Of its 70 rigs around 17 are located in North and South America 17 are located in the Middle East and Africa 17 are located in the Asia Pacific rim (including five rigs under construction) 15 are located in Europe and the Mediterranean and fits are located in Brazil.


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