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Ensco plc
Type
Public limited company
Traded as NYSE: ESV
S&P 400 component
Industry Petroleum industry
Founded 1975; 42 years ago (1975)
Headquarters London, United Kingdom (incorporation)
San Felipe Plaza
Houston, Texas, USA (operational)
Key people
Paul E. Rowsey III, Chairman
Carl G. Trowell, CEO
Jonathan H. Baksht, CFO
Services Offshore drilling
Well drilling
Revenue Decrease $2.776 billion (2016)
Operating income
Increase $0.929 billion (2016)
Net income
Increase $0.897 billion (2016)
Total assets Increase $14.374 billion (2016)
Total equity Increase $8.250 billion (2016)
Number of employees
4,900 (2016)
Website www.enscoplc.com

Ensco plc is an offshore drilling contractor headquartered in London, United Kingdom.

Ensco is the world's second-largest offshore drilling and well drilling company, and owns 41 offshore jack-ups, 8 drillships, and 12 semi-submersible drilling rigs.

In 2016, 13% of its revenues came from BP and 12% of its revenues came from Total S.A..

The company provides quarterly updates on the status of each rig in its fleet on its website.

ENSCO's predecessor company, Blocker Energy Corporation, was incorporated in 1975 by longtime oilman John R. Blocker.

After graduating from Texas A&M in 1948, Blocker worked on a Gulf of Mexico oil rig for several years. In 1954, he established a South Texas drilling company with his father. When an oversupply of oil on the market crippled the contract drilling business, the company was dissolved. In 1958 Blocker went to work for Dresser Industries as operations manager for the oil equipment division in Argentina and Venezuela, a natural fit because he had grown up in South America, learning Spanish before English. In 1965, he moved to Dresser's Houston office and ultimately rose to the level of a senior vice-president.

In 1975, after the 1973 oil crisis, John Blocker bought Choya Energy, a six-rig contract drilling company based in Alice, Texas, and renamed the company Blocker Energy.

Blocker took advantage of his South American experience to position the company in the international market, believing it was less risky than the United States market, which had 800 to 900 competitors. Blocker Energy took on $44 million in debt to expand rapidly. To fund expansion and pay down debt, the company became a public company via an initial public offering.

By 1980, the company had 1,700 employees worldwide, including 211 at its Texas headquarters. In the early 1980s, Blocker, along with many other oil-related companies, thought the price of oil could only go higher. In 1981 and early 1982, the company borrowed heavily to expand its rig fleet to 54 rigs. However, in late 1982, the price of oil plunged and, to avoid bankruptcy, Blocker Energy restructured, giving 64% of the company to its banks in exchange for $240 million in debt forgiveness. By 1983, the company was only operating 6 rigs, although that number increased to 24 in 1984. By 1985, the worldwide employee count of the company was down to 500.

Blocker Energy lost nearly $3 million in 1985 and needed capital. Richard Rainwater's BEC Ventures made an investment in the company in 1986 and chose Carl F. Thorne to run the company, which he did until his retirement 20 years later.

In 1988, the company acquired Golden Gulf Offshore Inc. and its ten boats that supplied offshore oil rigs and another four vessels that moved the rigs' massive anchors for $64 million in cash and stock.

In 1990, the company bought Penrod Holding Corporation out of bankruptcy and adding 19 rigs to its fleet. Penrod was owned by the Hunt family. The deal was orchestrated by Richard Rainwater who owned 21% of Ensco at that time.

In 2011, Ensco acquired Pride International for $7.3 billion. The acquisition provided Ensco access to the Brazil and West African markets, and diversified its asset base from being largely jack-up rigs to include drillship and semi-submersible rigs. As a result of the acquisition, Ensco closed its Dallas office and consolidated into its Houston office.

In 2010, Ensco moved its headquarters to London and become a UK-registered company.

In 2013, the company was added to the S&P 500 index but it was removed from the index in 2016.

In 2015, Petrobras alleged bribery in the negotiations of the DS-5 rig contract with Pride International in 2008 before its acquisition by Ensco. In 2016, Petrobras terminated the contract for the rig.

In 2017, Ensco acquired Atwood Oceanics.

In 2009, a Spanish government authority initiated proceedings seeking $3 million in damages for an alleged environmental spill originating from the ENSCO 5006 rig. Ensco expects to be indemnified from any damages by the customer of the rig.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2018 2018-02-05 Future report Set alerts
Q4 2017 2017-11-09 Future report Set alerts
Q3 2017 2017-08-03 -0.05 -0.05
Q2 2017 2017-05-08 -0.25 -0.37
Q1 2017 2017-02-03 0.15 0.15
Q4 2016 2016-11-11 0.63 0.07
Q3 2016 2016-08-01 0.99 1.53
Q2 2016 2016-05-05 1.78 1.89
Q1 2016 2016-02-02 1.32 0.60
Q4 2015 2015-11-09 2.32 2.32

Ratings

2016-07-07 Upgrade Wood & Company Strong-Buy
2016-06-13 Downgrade Johnson Rice Buy to Hold
2016-05-31 Upgrade KLR Group Accumulate to Buy $16.00
2016-05-19 Reiterated Rating Citigroup Inc. Hold
2016-05-16 Boost Price Target Citigroup Inc. Neutral $10.00 to $11.00
2016-05-10 Reiterated Rating Simmons Overweight $18.00 to $19.00
2016-05-09 Boost Price Target RBC Capital Sector Perform $10.00 to $12.00
2016-05-09 Downgrade Jefferies Group Buy to Hold $9.00 to $12.00
2016-05-09 Boost Price Target Royal Bank Of Canada Sector Perform $10.00 to $12.00
2016-04-27 Downgrade Clarkson Capital Neutral to Sell
2016-04-12 Boost Price Target Susquehanna $6.00 to $9.00
2016-03-28 Downgrade Barclays Equal Weight to Underweight $7.00 to $6.00
2016-03-28 Downgrade Barclays PLC Equal Weight to Underweight $7.00 to $6.00
2016-03-22 Lower Price Target RBC Capital Sector Perform $10.00 to $7.75
2016-03-21 Lower Price Target Cowen and Company $10.00 to $8.00
2016-03-16 Reiterated Rating Citigroup Inc. Neutral $7.00 to $10.00
2016-03-14 Boost Price Target Seaport Global Securities Reduce $5.00 to $7.00
2016-03-12 Reiterated Rating Deutsche Bank Hold
2016-03-12 Reiterated Rating Deutsche Bank AG Hold
2016-03-11 Downgrade Goldman Sachs Neutral to Sell $5.75 to $5.00
2016-03-11 Downgrade Goldman Sachs Group Inc. Neutral to Sell $5.75 to $5.00
2016-02-29 Initiated Coverage Citigroup Inc. Neutral $7.00
2016-02-19 Lower Price Target Zephirin Group Hold $9.00 to $5.00
2016-02-08 Reiterated Rating Scotiabank Sector Perform $18.00 to $11.00
2016-02-06 Reiterated Rating Jefferies Group Buy
2016-02-05 Reiterated Rating Macquarie Neutral $11.00 to $7.00
2016-02-04 Lower Price Target Susquehanna Neutral $8.00 to $6.00
2016-02-04 Lower Price Target Goldman Sachs $11.00 to $9.50
2016-02-04 Lower Price Target Evercore ISI Hold $9.00 to $5.00
2016-02-04 Lower Price Target BMO Capital Markets Market Perform $10.00 to $7.00
2016-02-04 Lower Price Target Deutsche Bank Hold $37.00 to $10.00
2016-02-04 Lower Price Target Howard Weil Sector Perform $18.00 to $11.00
2016-02-04 Boost Price Target Iberia Capital Outperform $8.50 to $12.00
2016-02-04 Boost Price Target RBC Capital Sector Perform $6.00 to $12.00
2016-02-04 Upgrade KLR Group Hold to Accumulate $6.50 to $6.75
2016-02-02 Lower Price Target Barclays Equal Weight $18.00 to $17.00
2016-01-29 Lower Price Target Jefferies Group Buy $19.00 to $9.00
2016-01-27 Reiterated Rating Clarkson Capital Neutral
2016-01-21 Lower Price Target Stephens $14.00 to $9.50
2016-01-21 Lower Price Target Seaport Global Securities $6.50 to $5.00
2016-01-19 Lower Price Target Deutsche Bank Hold $40.00 to $37.00
2016-01-14 Lower Price Target Susquehanna $10.00 to $8.00
2016-01-14 Lower Price Target Iberia Capital Outperform $20.00 to $12.00
2016-01-13 Downgrade Seaport Global Securities Neutral to Reduce $10.00 to $6.50
2016-01-13 Downgrade Wood & Company Neutral to Reduce
2016-01-11 Downgrade Cowen and Company Outperform to Market Perform $18.00 to $10.00
2016-01-05 Lower Price Target KLR Group Hold $12.50 to $10.00
2015-12-27 Downgrade Evercore ISI Hold
2015-12-21 Lower Price Target Seaport Global Securities Neutral $10.00
2015-12-21 Downgrade Evercore ISI Buy to Hold $15.00 to $10.00
2015-12-18 Lower Price Target RBC Capital Sector Perform $19.00 to $14.00
2015-12-15 Reiterated Rating Scotiabank Sector Perform
2015-12-14 Downgrade Howard Weil Sector Outperform to Sector Perform
2015-12-14 Initiated Coverage KLR Group Hold $12.50
2015-12-04 Upgrade Barclays Underweight to Equal Weight $18.00 to $18.00
2015-11-30 Upgrade Guggenheim Neutral to Buy
2015-11-16 Lower Price Target Evercore ISI Buy $20.00 to $16.00
2015-11-11 Boost Price Target RBC Capital Sector Perform $17.00 to $19.00
2015-10-21 Downgrade Clarkson Capital Buy to Neutral
2015-10-21 Downgrade Wood & Company Buy to Neutral
2015-10-20 Reiterated Rating Jefferies Group Buy $22.00 to $21.00
2015-10-20 Initiated Coverage RBC Capital Sector Perform $17.00
2015-10-20 Reiterated Rating Jennings Capital Buy $21.00
2015-10-19 Lower Price Target Susquehanna Neutral $24.00 to $19.00
2015-10-02 Reiterated Rating Macquarie Hold $17.00 to $16.00
2015-10-02 Lower Price Target Jefferies Group Buy $22.00
2015-09-28 Reiterated Rating Deutsche Bank Hold $38.00 to $39.00
2015-09-09 Downgrade Tudor Pickering Accumulate to Hold
2015-09-09 Reiterated Rating Macquarie Hold $24.00 to $17.00
2015-09-04 Reiterated Rating Credit Suisse Neutral $24.00 to $18.00
2015-09-04 Reiterated Rating Credit Suisse Group AG Neutral $24.00 to $18.00
2015-08-21 Downgrade Global Hunter Securities Accumulate to Neutral $28.00 to $18.00
2015-08-21 Downgrade Seaport Global Securities Accumulate to Neutral $28.00 to $18.00
2015-08-13 Downgrade Barclays Equal Weight to Underweight $27.00 to $18.00
2015-08-03 Reiterated Rating Macquarie Neutral $24.00
2015-08-03 Reiterated Rating Scotiabank Sector Perform $36.00 to $30.00
2015-07-31 Lower Price Target Barclays Equal Weight $28.00 to $27.00
2015-07-31 Lower Price Target Howard Weil Sector Outperform $36.00 to $30.00
2015-07-07 Lower Price Target Susquehanna Neutral $32.00 to $29.00
2015-07-07 Lower Price Target Global Hunter Securities Accumulate $36.00 to $30.00
2015-07-07 Lower Price Target Seaport Global Securities Accumulate $36.00 to $30.00
2015-06-26 Lower Price Target Jefferies Group Buy $38.00 to $33.00
2015-06-11 Initiated Coverage Barclays Equal Weight $28.00
2015-06-08 Reiterated Rating Susquehanna Neutral $32.00
2015-05-26 Lower Price Target Jefferies Group Buy $39.00 to $38.00
2015-05-18 Downgrade Goldman Sachs Buy to Neutral $34.00 to $27.00
2015-04-23 Lower Price Target Deutsche Bank Hold $42.00 to $39.00
2015-04-19 Upgrade Zephirin Group Buy
2015-04-01 Lower Price Target Cowen and Company Outperform $38.00 to $35.00
2015-03-23 Initiated Coverage Susquehanna Neutral $32.00
2015-03-02 Reiterated Rating Guggenheim Buy to Neutral
2015-02-18 Initiated Coverage BMO Capital Markets Market Perform $36.00
2015-02-06 Upgrade Stephens Equal Weight to Overweight $43.00 to $41.00
2015-02-06 Upgrade Raymond James Market Perform to Outperform
2015-02-06 Upgrade Raymond James Financial Inc. Market Perform to Outperform
2015-02-04 Downgrade Nordea Equity Research Hold to Sell $33.00 to $28.00
2015-02-02 Lower Price Target Jefferies Group Buy $40.00 to $36.00
2015-01-08 Lower Price Target Jefferies Group Buy $42.00 to $40.00
2014-12-23 Upgrade Global Hunter Securities Neutral to Accumulate $38.00 to $33.00
2014-12-23 Upgrade Seaport Global Securities Neutral to Accumulate $38.00 to $33.00
2014-12-03 Initiated Coverage Jefferies Group Buy $42.00
2014-11-13 Reiterated Cowen Outperform $50 to $45
2014-11-13 Lower Price Target Cowen and Company Outperform $50.00 to $45.00
2014-10-15 Initiated Coverage Evercore ISI Buy
2014-09-26 Downgrade RS Platou Neutral
2014-09-23 Initiated Coverage Wells Fargo & Co. Market Perform
2014-09-23 Initiated Coverage Wells Fargo Market Perform
2014-08-04 Reiterated Rating Deutsche Bank Hold $52.00 to $50.00
2014-08-01 Upgrade Fearnley Fonds Reduce to Accumulate $47.00 to $53.00
2014-07-16 Downgrade Global Hunter Securities Buy to Neutral $55.00 to $51.00
2014-07-16 Downgrade Seaport Global Securities Buy to Neutral $55.00 to $51.00
2014-07-15 Upgrade BMO Capital Markets Underperform to Market Perform $45.00 to $50.00
2014-06-19 Boost Price Target Cowen and Company $56.00 to $60.00
2014-06-12 Initiated Coverage Deutsche Bank Buy to Hold $52.00
2014-06-04 Initiated Coverage Macquarie Neutral $56.00
2014-05-19 Reiterated Rating Jefferies Group Buy $57.00 to $56.00
2014-05-05 Reiterated MLV & Co Buy $61 to $56
2014-05-05 Lower Price Target Cowen and Company Outperform $61.00 to $56.00
2014-05-05 Lower Price Target MLV & Co. Buy $61.00 to $56.00
2014-04-08 Lower Price Target Barclays Overweight $75.00 to $69.00
2014-04-08 Downgrade Stephens Overweight to Equal Weight $60.00 to $56.00
2014-03-21 Lower Price Target Jefferies Group $57.00
2014-03-17 Downgrade Goldman Sachs Conviction-Buy to Buy
2014-02-07 Reiterated Cowen Outperform $70 to $62
2014-02-07 Lower Price Target Cowen and Company Outperform $70.00 to $62.00
2014-02-03 Downgrade Raymond James Outperform to Market Perform
2014-01-17 Downgrade Credit Suisse Outperform to Neutral
2013-12-17 Lower Price Target Barclays $79.00 to $78.00
2013-12-16 Upgrade Goldman Sachs Buy to Conviction-Buy
2013-12-09 Upgrade Stephens Equal Weight to Overweight
2013-11-11 Reiterated Cowen Outperform $65 to $70
2013-11-11 Boost Price Target Cowen and Company Outperform $65.00 to $70.00
2013-10-16 Downgrade BMO Capital Markets Market Perform to Underperform
2013-10-11 Initiated Coverage Iberia Capital Outperform
2013-09-04 Initiated Wunderlich Hold $63
2013-02-01 Reiterated Howard Weil Sector Outperform $55 to $64
2013-01-24 Initiated Barclays Overweight $68
2012-11-19 Upgrade Global Hunter Securities Accumulate to Buy $54 to $56
2012-09-17 Downgrade Global Hunter Securities Buy to Accumulate
2012-03-01 Upgrade Dahlman Rose Hold to Buy $58
2012-02-03 Upgrade Global Hunter Securities Accumulate to Buy $47 to $56
2012-01-05 Downgrade Global Hunter Securities Buy to Accumulate $54 to $47
2011-12-07 Upgrade Morgan Keegan Mkt Perform to Outperform
2011-04-29 Initiated Canaccord Genuity Buy $57
2011-04-15 Upgrade Howard Weil Market Perform to Market Outperform $40 to $56
2011-03-08 Initiated Dahlman Rose Hold
2011-02-16 Initiated Morgan Keegan Mkt Perform $46
2011-01-24 Downgrade Dahlman Rose Buy to Hold
2010-12-20 Downgrade Howard Weil Market Outperform to Market Perform $38 to $40
2016-07-07 Upgrade Wood & Company Strong-Buy
2016-06-13 Downgrade Johnson Rice Buy to Hold
2016-05-31 Upgrade KLR Group Accumulate to Buy $16.00
2016-05-19 Reiterated Rating Citigroup Inc. Hold
2016-05-16 Boost Price Target Citigroup Inc. Neutral $10.00 to $11.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
HELMERICH & PAYNE INC 6216.68%  (4000000) ATW / HP /
BECK DEBORAH A 103.95%  (66883) ATW /
Mey Mark-Anthony Lovell Sr. VP & CFO 83.88%  (53972) ATW / RIG / RIGP /
KELLEY GLEN P Senior Vice President Marketin 83.20%  (53534) ATW /
Campbell Michael Alan Vice President - Controller 35.25%  (22680) ATW /
Wagner Geoffrey C. VP, Marketing & Bus. Dev. 25.69%  (16528) ATW / HLX /
Jimenez Luis Vice President, Human Resource 14.71%  (9462) ATW /

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