7.86 0.00 (0.00%)
After hours: 4:22PM EDT
|Bid||7.82 x 3200|
|Ask||8.02 x 800|
|Day's Range||7.56 - 8.26|
|52 Week Range||6.54 - 38.04|
|Beta (3Y Monthly)||2.74|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.16 (2.18%)|
|1y Target Est||23.85|
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.
The Ensco Rowan plc (ESV) (“EnscoRowan” or the “Company”) board of directors received a proposal from Luminus Management, LLC (“Luminus”) dated June 12, 2019 (“the Proposal”). EnscoRowan’s board of directors welcomes investor perspectives on matters such as the Company’s capital structure and the return of capital to shareholders, and will evaluate the Proposal.
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.
The London-based company has the financial flexibility to issue debt for a payout and doing so would reward investors that haven’t seen a payoff from Ensco Plc’s $1.4 billion purchase of Rowan Cos., according to Luminus Management LLC. The investment manager, which said it owns 4.6% of Ensco Rowan, has been “extremely disappointed” with its stock performance before and after it closed the deal, according to a letter to the company’s board Wednesday reviewed by Bloomberg. Ensco Rowan is trading at a significant discount to its fundamental value as a result, it said.
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.
Ensco Rowan plc announced today that it has received the consents necessary to effect the Proposed Amendments to each of the indentures governing the following outstanding senior notes listed in the table below, issued by the Rowan Companies, Inc.
Continental Resources' (CLR) board of directors approves a $1-billion share buyback program and quarterly dividend initiation.
Ensco Rowan plc (ESV) (“EnscoRowan” or the “Company”) announced today that it has commenced a consent solicitation (“Consent Solicitation”) on behalf of its wholly-owned subsidiary, Rowan Companies, Inc. (the “Issuer”), with respect to proposed amendments to each of the indentures (the “Indentures”) governing the following outstanding senior notes (together, the “Notes”) listed in the table below, issued by the Issuer and guaranteed by Rowan Companies plc. The purpose of the Consent Solicitation is to amend the Indentures so that, in the event that EnscoRowan becomes an obligor under the applicable Indenture, certain covenants therein will be amended to be conformed with the applicable covenants contained in the indentures governing the senior notes issued by EnscoRowan and to have such covenants apply to EnscoRowan rather than the Issuer (the “Conforming Amendments”).
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.
Ensco Rowan plc announced today that its Board of Directors has determined that the Company will not pay a regular quarterly cash dividend.
Ensco Rowan plc (ESV) (“EnscoRowan” or the “Company”) today announced that an arbitration tribunal has awarded the Company $180 million in damages in its proceedings against Samsung Heavy Industries, a shipyard in South Korea (“SHI”). Further, the Company will be claiming interest on this amount and costs incurred in connection with this matter. In April 2016, the Company initiated arbitration proceedings in London against SHI for the losses incurred in connection with a drilling services agreement for ENSCO DS-5 that was voided by a customer.
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.
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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?
The London-based company said it had a loss of $1.75 per share. Losses, adjusted for non-recurring costs and pretax expenses, came to $1.69 per share. The results topped Wall Street expectations. The average ...
EnscoRowan Merger Completed Creating Industry-Leading Offshore DrillerLiquidity and Financial Flexibility Enhanced by Increased Revolving Credit Facility CapacityStrong Operational