|Bid||7.28 x 3000|
|Ask||7.73 x 800|
|Day's Range||7.43 - 7.75|
|52 Week Range||6.54 - 38.04|
|Beta (3Y Monthly)||2.62|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.16 (2.10%)|
|1y Target Est||N/A|
ExxonMobil (XOM) provided an update on second-quarter 2019 earnings, while TC Energy (TRP) said that it would sell some assets of Columbia Midstream Group for $1.28 billion.
Last week (ended July 5), midstream stock EnLink Midstream LLC (ENLC) outperformed the energy space. Here's a summary of midstream stocks' performance.
Last week, oilfield services stock Noble (NE) fell the most among the stocks in the energy space. Other oilfield services stocks Ensco (ESV), Superior Energy Services (SPN), and Nabors Industries (NBR) had the second, third, and fourth largest declines among energy stocks, respectively, last week.
Luminus believes that Ensco Rowan (ESV) stock will gain momentum, once the company shows commitment in returning capital back to the shareholders through dividend payment.
Deep-sea oil driller Ensco Rowan's investor Luminus Management LLC on Wednesday urged the company to declare a special dividend of $2.5 billion to its shareholders, sending its shares down 6.3%. Luminus, the investment advisor to funds and accounts that own 4.5% stake in Ensco Rowan, said it is disappointed by the stock's performance both before, and since, the Ensco-Rowan merger. Ensco Rowan's shares fell to their lowest in more than 26 years on Wednesday.
Despite being under the pump lately, there are investors who see the recent oil and gas slump as a temporary event and decide to build or increase their position in some of these companies.
Continental Resources' (CLR) board of directors approves a $1-billion share buyback program and quarterly dividend initiation.
After reviewing our long-term forecasts, we have revised our fair value estimates for the offshore drillers we cover. Diamond Offshore Drilling DO moved down to $7.25 per share from $10.50, Transocean RIG moved up to $6.75 per share from $6.50, Ensco Rowan ESV moved down to $10.25 per share from $15, and Noble NE moved down to $1.50 per share from $2.50. With the exception of Transocean, our fair value estimates moved significantly down as a result of more pessimistic long-term industry assumptions.
Ensco (ESV) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Royal Dutch Shell (RDS.A) started production at its Appomattox GoM platform. Meanwhile, Rattler Midstream Partners raised $665 million in the year's biggest energy IPO so far.
Ensco Rowan (ESV) puts an end to regular quarterly cash dividend payout. This move may minimize the debt level and improve its balance sheet.
Higher utilization of Jackups supports Ensco Rowan's (ESV) narrower-than-expected quarterly loss. This was however partly offset by a fall in average day rates for the floaters.
There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]
Ensco (ESV) delivered earnings and revenue surprises of 5.59% and -0.36%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?