ENSCO stock: buy or sell?
July 15th, 2019
Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other.
Should I buy ENSCO stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, ENSCO stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is ENSCO stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 11 ratings published for ESV stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-6-10||Bank of America||n/a||Underperform|
|2019-5-17||Royal Bank of Canada||n/a||Outperform|
|2019-4-23||Piper Jaffray Companies||n/a||Hold|
|2019-3-1||Wells Fargo & Co||n/a||Buy|
ENSCO stock analysis
ENSCO shares plunged -4.95% to $8.45 today.
ENSCO ended today at $8.45 and plunged a dreadful -4.95%. From a daily perspective, ESV is in a short term uptrend after plotting its last bottom ($8.29, on Jul/3) higher than the previous bottom, and its last top ($9.68, on Wednesday) also over the previous top. Now trading in between its last bottom and last top ESV might consolidate in a plain range, waiting to break out over $9.68 or down under $8.29.
ENSCO shares plummed -4.95% this week, ending at $8.45. Late June ESV rocketed a dazzling 8.68% in just one week.
Since mid November 2018, when ESV stock price broke down the 40-weeks moving avarage line, it slid $-19.36 per share (-69.62%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.
ENSCO stock price history
ENSCO IPO was on February 28th, 1980 at $108.78 per share1. Since then, ESV stock lost a -92.20%, with a yearly average of -2.40%.
1: Adjusted price after possible price splits or reverse-splits.
ENSCO stock historical price chart
ESV stock reached 52-week highs on October at $37.89, and all-time highs 2008-06-19 with a price of 261.65.
ENSCO stock price target is $10.80How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 5 price forecasts for ESV stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-5-17||Royal Bank of Canada||Initiates||n/a||$15.00||-|
|2019-5-17||Citigroup||Set Price Target||n/a||$13.00||-|
|2019-4-23||Piper Jaffray Companies||Set Price Target||n/a||$16.00||-|
|2019-3-5||B. Riley||Lowers Target||$7.00||$5.00||-28.6%|
|2019-3-26||Societe Generale||Set Price Target||n/a||$5.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, ENSCO reported its latest financial data, in line with analysts' consensus and posted a $-0.39 Earnings per Share. As soon as we get its actual EPS from the earnings report, we will update this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a fateful slide of -7.47% to $1,705.40 million dollars. On the other hand, its profit margin (compared to sales) collapsed to -37.51%, that is $-639.70 million.
|2013||$4,920 M||-||$1,420 M28.9%||-|
|2014||$4,565 M||-7.23%||$-3,902.60 M-85.5%||-374.83%|
|2015||$4,063 M||-10.98%||$-1,594.80 M-39.2%||-59.13%|
|2016||$2,776 M||-31.67%||$890 M32.1%||-155.82%|
|2017||$1,843 M||-33.62%||$-303.70 M-16.5%||-134.12%|
|2018||$1,705 M||-7.47%||$-639.70 M-37.5%||110.64%|
Quarterly financial resultsENSCO reported $399.00 million in revenues for 2018-Q4, a -7.40% less compared to previous quarter. Reported quarter income marked $-203.60 M with a profit margin of -51.03%. Profit margin plummed a -17.38% compared to previous quarter when profit margin was -33.65%. When comparing turnover to same quarter last year, ENSCO sales marked a hair-raising correction and plunged a -12.15%. Looking back to recent quarterly results, ENSCO posted 2 positive quarters in a row.
|2017-Q2||$458 M||-||$-46.00 M-10.1%||-|
|2017-Q3||$460 M||0.59%||$-25.30 M-5.5%||-45.00%|
|2017-Q4||$454 M||-1.30%||$-207.10 M-45.6%||718.58%|
|2018-Q1||$417 M||-8.19%||$-140.10 M-33.6%||-32.35%|
|2018-Q2||$459 M||9.95%||$-151.00 M-32.9%||7.78%|
|2018-Q3||$431 M||-6.02%||$-145.00 M-33.7%||-3.97%|
|2018-Q4||$399 M||-7.40%||$-203.60 M-51.0%||40.41%|
|2019-Q1||$406 M||1.73%||$-190.40 M-46.9%||-6.48%|
ENSCO ownershipWhen you are planning to buy shares of a company, it's always worth to have a look its ownership structure.
ENSCO shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.69% of all shares.
Bearish positions for ESV stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$3.7 B|
|Total shares||437.1 M|
|Float shares||196.3 M|
|- Institutional holdings (%)||107.0%|
|- Insider holdings (%)||0.7%|
|Shares in short selling||0.0%|
|Monday, July 15th, 2019|
|Day range||$8.39 - $8.99|
|Average true range||$0.50|
|50d mov avg||$9.18|
|100d mov avg||$12.72|
|200d mov avg||$17.98|
ENSCO performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We picked as the bechmarking frame for ENSCO stock.