ENSCO stock: buy or sell?

ESV stock price: $8.45 -4.95% At close on July 15th, 2019

Updated on:
July 15th, 2019

1

Shares of ENSCO plunged a dreadful -4.95% and closed at $8.45. On Wednesday ESV rocketed a super good 7.60%. Monday was the 3rd red session in a row, sliding in full a -12.97%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ESV will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

Is ESV a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-10Bank of American/aUnderperform
2019-5-17Royal Bank of Canadan/aOutperform
2019-5-17Citigroupn/aHold
2019-4-23Piper Jaffray Companiesn/aHold
2019-4-16Morgan Stanleyn/aOverweight
2019-4-11Citigroupn/aNeutral
2019-3-8HSBCHoldBuy
2019-3-5B. RileyNeutralNeutral
2019-3-26Societe Generalen/aHold
2019-3-1Wells Fargo & Con/aBuy
2019-1-9DNB MarketsHoldBuy

ENSCO stock analysis

Daily outlook

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.

ESV stock chart (daily)

Weekly outlook

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.

ESV stock chart (weekly)

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 $10.80

How 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:
ESV stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-5-17Royal Bank of CanadaInitiatesn/a$15.00-
2019-5-17CitigroupSet Price Targetn/a$13.00-
2019-4-23Piper Jaffray CompaniesSet Price Targetn/a$16.00-
2019-3-5B. RileyLowers Target$7.00$5.00-28.6%
2019-3-26Societe GeneraleSet Price Targetn/a$5.00-
(in average)$7.00$10.8054.0%
The price target for ENSCO stock is $10.80, moving in a range between $16.00 and $5.00. In average, analysts' outlook on ESV price forecast is positive, improving the target by a 54.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
ESV earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a-0.15n/a
2017-Q32017-10-26-0.13-0.05n/a
2017-Q42018-02-26-0.26-0.23n/a
2018-Q12018-04-25-0.25-0.32n/a
2018-Q22018-07-25-0.33-0.3n/a
2018-Q32018-10-29-0.35-0.33n/a
2018-Q42019-02-27-0.38-0.39n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared 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.

ESV annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
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 results

ENSCO 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.
ESV quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$458 M-$-46.00 M-10.1%-
2017-Q3$460 M0.59%$-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$459 M9.95%$-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$406 M1.73%$-190.40 M-46.9%-6.48%

ENSCO ownership

When 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:

ESV
Market cap$3.7 B
Total shares437.1 M
Float shares196.3 M
  - Institutional holdings (%)107.0%
  - Insider holdings (%)0.7%
Shares in short selling0.0%

ENSCO summary

Monday, July 15th, 2019
Open$8.95
Close$8.45
Day range$8.39 - $8.99
Previous close$8.89
Session gain-4.95%
Average true range$0.50
50d mov avg$9.18
100d mov avg$12.72
200d mov avg$17.98
Daily patternlt06a
Weekly pattern lt03a

ENSCO performance

Performance 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.
Stock3m6m12m
ESVENSCO-44.70%-54.27%-68.81%

ENSCO competitors

Unfortunately, we could not find any public company that could be defined as ENSCO competitor. This doesn't mean ENSCO does not have any competitor in the market, it's just we could not detected it.