ENSCO plc (NYSE:ESV) Given Price Target Of $9.083


As per ENSCO plc (NYSE:ESV)’s news release on 2016-05-23, its shareholders will get cash dividend of $0.01 per share. The recent press release updated on the record date and payout date, which stands at 2016-06-06 and 2016-06-17, respectively.

The stock will commence trading ex-dividend from 2016-06-02, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year ENSCO plc (NYSE:ESV) disbursed $0.01 in dividend compared to distribution of $0.01, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -80%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated ENSCO plc (NYSE:ESV) to attain a price target of $9.083. It is an average estimate figure given by 12 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $12. The low price range is set at $7.5 for next year while the arithmetic mean is seen at 3.47.

Eyeing Earnings ENSCO plc (NYSE:ESV) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.14 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, ENSCO plc (NYSE:ESV) earnings came at $0.51 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.5 for the quarter.

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