Tracking Technical Indicators For Ensco plc (ESV)

A handful of technical analysis tools are suggesting that Ensco plc (NYSE:ESV) overall gets 88% Sell rating. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the ESV’s short-term trajectory should know that short terms indicators for the stock averaged 100% Sell with an average daily trading volume over the past 20 days at 14626900 shares. ESV stock has overall a 1% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 13475210 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 12149605 shares, is 33% Sell on the basis of long term indicators.

The share price is currently staying around the first support level of $4.93. Below this, the next support is placed in the zone of $4.71. Till the time, the ESV stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 30.72 on daily chart, which may remain a cause for comfort. If the price breaks below $4.71 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $5.48 mark may result into a pull-back move towards $5.81 level.

Ensco plc (ESV) is projected to climb by 72.04 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $14-month high price target. This represents a whopping 171.84 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $9, which represents a return potential of 74.76 percent when compared to the closing price of the stock of $5.15 on Thursday, December 06. The lowest price target for the stock is $4.4 — slightly more than -14.56 percent from ESV’s current share price.

Here’s a rundown of insider trading activity for sense of Ensco plc (NYSE:ESV). The earliest insider trade took place on 11/14/2018. Brady Steven Joseph parted with a total of 4.5 thousand shares of company at average share price of $6.22. The total for the sales was set at $27.99 thousand. After this transaction, the Sr. VP – Eastern Hemisphere account balance stood at 314.86 thousand shares. The stock lost -6.59 percent since that insider sale. On 12/23/2015, Edwards Robert W Iii, Vice President – Finance, sold 1.5 thousand shares at a price per share of $16.22. This removed 24.33 thousand shares from the insider’s fortune and the stock saw a -64.18 percent retreat in value since the news became public. This transaction left 31.43 thousand shares in the Vice President – Finance account. On 11/02/2015, Executive Vice President & CFO Swent James W Iii performed a sale transaction worth $1.05 million. This sale at $17.81 each has eliminated 59.19 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -67.38 percent decrease since the transaction was reported. The insider now is left with 15.93 thousand shares remaining in the account. Swent James W Iii, who performs the Executive Vice President & CFO job, sold 50 thousand shares for $1.14 million. The disposal occurred on 06/23/2015 was priced at $22.73 per share. The share price plunged -74.44 percent since the reporting date. Swent James W Iii now left with a stake of 75.61 thousand ESV stock worth $389.38 thousand after the insider selling.

ESV shares dropped -0.66 points or -11.36 percent on Thursday to $5.15 with a heavy trade volume of 26.432 million shares. After opening the session at $5.59, the shares went as high as $5.59 and as low as $5.04, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $2.44 billion and now has 474.11 million shares outstanding. Ensco plc (ESV) stock has lost -29.74 percent of market value in 21 trading days.

Analysts at Johnson Rice upped their rating on shares of Ensco plc (NYSE:ESV) from Accumulate to Buy in their opinion released on October 17. Societe Generale analysts bumped their recommendation on ESV stock from Hold to Buy in a separate flash note to investors on October 12. Analysts at JP Morgan issued an upgrade from Underweight to Neutral for the stock, in a research note that dated back to October 12.

ESV stock has a trailing 3-year beta of 1.87, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$1.46 a share in the trailing twelve months. The stock’s value has fallen -12.86 percent year to date (YTD) against a decline of -11.97 percent in 12 month’s time. The company’s shares still trade -45.85 percent away from its 1-year high of $9.51 and 25.61 percent up from 52-week low of $4.10. The average consensus rating on the company is 2.4, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.

Shares of Ensco plc (ESV) are trading at a P/E ratio of 41.41 times earnings reported for the past 12 months. The industry ESV operates in has an average P/E of 1.64. Its P/E ratio went as low as 3.13X and as high as 12.88 over the 5-year span. Further, it is sporting a 1.39 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.7. 24.4 percent is the gross profit margin for Ensco plc and operating margin sits at -21.5 percent. Along with this, the net profit margin is -36.6 percent.

ESV will be declaring its Q4 financial results on February 20. Analysts are forecasting revenue to suffer decline of -11.8 percent to $401M in the next fiscal quarter, while earnings are seen soaring by nearly 65.22 percent to -$0.38 per share. History has shown that shares in Ensco plc have gone down on 19 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings. In last reported earnings results, it earned -$0.33 per share, better than the -$0.34, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $431M, better than the $424M analysts expected. Earnings are estimated to increase by -128 percent this year, 14.4 percent next year and continue to increase by 0 percent annually for the next 5 years.