Last $41.31 USD
Change Today -0.75 / -1.78%
Volume 4.6M
ESV On Other Exchanges
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As of 8:04 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

ensco plc-cl a (ESV) Snapshot

Open
$41.88
Previous Close
$42.06
Day High
$41.96
Day Low
$40.91
52 Week High
11/14/13 - $62.25
52 Week Low
09/30/14 - $40.91
Market Cap
9.7B
Average Volume 10 Days
4.9M
EPS TTM
$4.42
Shares Outstanding
234.3M
EX-Date
09/4/14
P/E TM
9.3x
Dividend
$3.00
Dividend Yield
7.26%
Current Stock Chart for ENSCO PLC-CL A (ESV)

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ensco plc-cl a (ESV) Details

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. The company operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of approximately 74 rigs, including 10 drill ships, 13 dynamically positioned semisubmersible rigs, 6 moored semisubmersible rigs, and 45 jackup rigs. Its drilling rigs are located in the North and South America, the Middle East and Africa, the Asia Pacific rim, and Europe and Mediterranean regions. The company also offers management services on rigs owned by third-parties. It serves government-owned and independent oil and gas companies. Ensco plc was founded in 1975 and is headquartered in London, the United Kingdom.

9,000 Employees
Last Reported Date: 04/9/14
Founded in 1975

ensco plc-cl a (ESV) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $546.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $575.5K
Senior Vice President of Eastern Hemisphere
Total Annual Compensation: $496.3K
Compensation as of Fiscal Year 2013.

ensco plc-cl a (ESV) Key Developments

Ensco plc Declares Regular Quarterly Cash Dividend, Payable on 19 September 2014

Ensco plc announced that its Board of Directors has declared a regular quarterly cash dividend of $0.75 per Class A ordinary share payable on 19 September 2014. The ex-dividend date for this payment is expected to be 4 September 2014, with a record date of 8 September 2014.

Ensco plc Provides Earnings Guidance for the Third Quarter and Full Year of 2014; Provides Tax Rate Guidance for the Fourth Quarter of 2014

Ensco plc provided earnings guidance for the third quarter and full year of 2014. For the third quarter, total revenues are expected to increase about 2% above the second quarter 2014 levels of $1.2 billion. The company has a full quarter of operation for ENSCO 121 and more operating days for other jackups that have completed shipyard stays, as well as the reactivation of ENSCO 5004 and 5005 that are completing upgrades. Higher expenses for these rigs in the third quarter are projected to be offset by lower repair and maintenance expense and lower insurance cost. Therefore, the company anticipates contract drilling expense in the third quarter will be roughly in line with $576 million the company reported in the second quarter 2014. Third quarter effective tax rate will increase to approximately 15%. For the year 2014, capital spending is approximately $1.7 billion. Through June 30, capital spending totaled $630 million, so the balance for the remainder of the year is $1.1 billion. The full year estimate includes $800 million in newbuild CapEx, including the final payment for ENSCO 122, as well as milestone payment for ENSCO DS-10 and the initial payments for ENSCO 140 and 141, plus $570 million for rig enhancement projects and $330 million for sustaining projects. The company project newbuild CapEx in 2015 will increase to approximately $1.6 billion and then drop significantly to $400 million in 2016 as the company delivers final rigs under construction. Therefore, for the balance of 2014 and 2015, cash flows from operations will be dedicated primarily to milestone payments for newbuild rigs that will support future growth and the dividend. For the fourth quarter of 2014, effective tax rate, should decline to approximately 13%.

Ensco plc Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Loss on Impairment for the Second Quarter Ended June 30, 2014

Ensco plc announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenues of $1,203.0 million against $1,130.3 million a year ago. Operating loss was $540.1 million against operating income of $434.7 million a year ago. Loss from continuing operations before income taxes was $570.9 million against income from continuing operations before income taxes of $394.9 million a year ago. Loss from continuing operations was $618.9 million or $2.69 basic and diluted per share against income from continuing operations of $346.4 million or $1.48 basic and diluted per share a year ago. Net loss attributable to the company was $1,172.7 million or $5.07 basic and diluted per share against net income attributable to the company of $360.9 million or $1.55 basic and diluted per share a year ago. For the six months, the company reported operating revenues of $2,332.9 million against $2,170.6 million a year ago. Operating loss was $140.1 million against operating income of $829.5 million a year ago. Loss from continuing operations before income taxes was $200.0 million against income from continuing operations before income taxes of $759.9 million a year ago. Loss from continuing operations was $300.9 million or $1.34 basic and diluted per share against income from continuing operations of $660.6 million or $2.82 basic and diluted per share a year ago. Net loss attributable to the company was $880.2 million or $3.82 basic and diluted per share against net income attributable to the company of $678.0 million or $2.91 basic and diluted per share a year ago. Net cash provided by operating activities of continuing operations was $989.3 million against $731.3 million a year ago. Additions to property and equipment were $631.8 million against $591.4 million a year ago. For the quarter, the company reported loss on impairment of $991.5 million.

 

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Industry Analysis

ESV

Industry Average

Valuation ESV Industry Range
Price/Earnings 21.8x
Price/Sales 1.9x
Price/Book 0.9x
Price/Cash Flow 20.1x
TEV/Sales 1.0x
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