Type
|
Public limited company |
---|---|
Traded as | NYSE: ESV S&P 400 component |
Industry | Petroleum industry |
Founded | 1975 (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 | $2.776 billion (2016) |
Operating income
|
$0.929 billion (2016) |
Net income
|
$0.897 billion (2016) |
Total assets | $14.374 billion (2016) |
Total equity | $8.250 billion (2016) |
Number of employees
|
4,900 (2016) |
Website | www |
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.
2016-07-10 | Reiterated Rating | Jefferies Group | Hold | |
2016-06-29 | Reiterated Rating | Evercore ISI | Buy | |
2016-06-28 | Upgrade | Susquehanna | Negative to Neutral | |
2016-06-19 | Initiated Coverage | Bank of America | Underperform | $9.00 to $10.53 |
2016-06-19 | Initiated Coverage | Bank of America Corp. | Underperform | $9.00 to $10.53 |
2016-06-13 | Upgrade | Johnson Rice | Hold to Accumulate | |
2016-06-13 | Initiated Coverage | Bank of America | Underperform | $9.00 |
2016-05-20 | Reiterated Rating | JPMorgan Chase & Co. | Underweight | |
2016-05-05 | Reiterated Rating | Zephirin Group | Hold | $12.00 |
2016-05-02 | Reiterated Rating | JPMorgan Chase & Co. | Sell | $9.00 |
2016-04-19 | Upgrade | DNB Markets | Sell to Hold | |
2016-04-18 | Upgrade | Deutsche Bank | Sell to Hold | $4.00 to $9.00 |
2016-04-18 | Upgrade | Deutsche Bank AG | Sell to Hold | $4.00 to $9.00 |
2016-04-17 | Reiterated Rating | Goldman Sachs | Hold | |
2016-04-17 | Reiterated Rating | Goldman Sachs Group Inc. | Hold | |
2016-04-15 | Lower Price Target | Goldman Sachs | Neutral | $13.00 to $9.00 |
2016-04-15 | Upgrade | Morgan Stanley | Underweight to Equal Weight | $10.00 to $14.00 |
2016-04-12 | Reiterated Rating | Clarkson Capital | Sell | |
2016-04-08 | Initiated Coverage | Nomura | Reduce | $6.00 |
2016-04-08 | Initiated Coverage | Nomura Holdings Inc. | Reduce | $6.00 |
2016-03-28 | Downgrade | Barclays | Equal Weight to Underweight | $7.00 |
2016-03-28 | Downgrade | Barclays PLC | Equal Weight to Underweight | $7.00 |
2016-03-21 | Lower Price Target | Cowen and Company | $13.00 to $9.50 | |
2016-03-16 | Lower Price Target | Citigroup Inc. | Neutral | $11.00 to $9.00 |
2016-03-15 | Reiterated Rating | Seaport Global Securities | Reduce | |
2016-03-14 | Boost Price Target | Seaport Global Securities | $7.00 to $8.00 | |
2016-02-29 | Reiterated Rating | KLR Group | Buy | $14.00 |
2016-02-29 | Lower Price Target | Jefferies Group | Hold | $10.00 to $8.00 |
2016-02-29 | Lower Price Target | Barclays | Equal Weight | $9.00 to $7.00 |
2016-02-28 | Downgrade | Wells Fargo | Outperform to Underperform | |
2016-02-28 | Downgrade | Wells Fargo & Co. | Outperform to Underperform | |
2016-02-26 | Lower Price Target | Zephirin Group | Hold | $16.00 to $12.00 |
2016-02-26 | Boost Price Target | Iberia Capital | Sector Perform | $9.00 to $17.00 |
2016-02-26 | Reiterated Rating | Citigroup Inc. | Neutral | |
2016-02-18 | Boost Price Target | Zephirin Group | Hold | $12.00 to $16.00 |
2016-02-05 | Reiterated Rating | Barclays | Equal Weight | $18.00 to $9.00 |
2016-02-02 | Boost Price Target | Barclays | Equal Weight | $9.00 to $18.00 |
2016-01-29 | Lower Price Target | Jefferies Group | $19.00 to $10.00 | |
2016-01-29 | Downgrade | Citigroup Inc. | Buy to Hold | $9.00 |
2016-01-21 | Lower Price Target | Stephens | $18.00 to $10.00 | |
2016-01-19 | Lower Price Target | Deutsche Bank | Sell | $13.00 to $11.00 |
2016-01-15 | Reiterated Rating | Citigroup Inc. | Buy | |
2016-01-07 | Initiated Coverage | Stephens | Equal Weight | |
2016-01-07 | Lower Price Target | Cowen and Company | Market Perform | $15.00 to $13.00 |
2015-12-27 | Reiterated Rating | Evercore ISI | Buy | |
2015-12-21 | Reiterated Rating | Evercore ISI | Buy | |
2015-12-15 | Reiterated Rating | JPMorgan Chase & Co. | Underweight | |
2015-12-14 | Initiated Coverage | KLR Group | Buy | $20.00 |
2015-11-30 | Upgrade | Guggenheim | Neutral to Buy | $21.00 |
2015-11-19 | Reiterated Rating | Jefferies Group | Hold | $16.00 to $19.00 |
2015-11-10 | Downgrade | Clarkson Capital | Neutral to Sell | |
2015-11-05 | Reiterated Rating | Citigroup Inc. | Buy | $24.00 |
2015-10-30 | Boost Price Target | Jefferies Group | $15.00 to $16.00 | |
2015-10-20 | Lower Price Target | Seaport Global Securities | Reduce | $13.00 to $12.00 |
2015-10-20 | Initiated Coverage | Citigroup Inc. | Buy | $20.00 |
2015-10-19 | Lower Price Target | Susquehanna | Neutral | $19.00 to $18.00 |
2015-10-15 | Lower Price Target | Societe Generale | $18.50 to $17.00 | |
2015-10-14 | Lower Price Target | JPMorgan Chase & Co. | $18.00 to $11.00 | |
2015-10-08 | Initiated Coverage | KeyBanc | Sector Weight | |
2015-10-08 | Initiated Coverage | KeyCorp | Sector Weight | |
2015-10-02 | Lower Price Target | Jefferies Group | Hold | $15.00 |
2015-09-28 | Reiterated Rating | Deutsche Bank | Sell | $14.00 to $13.00 |
2015-09-09 | Downgrade | Tudor Pickering | Accumulate to Hold | |
2015-09-03 | Reiterated Rating | Credit Suisse | Hold | $18.00 to $14.00 |
2015-09-03 | Reiterated Rating | Credit Suisse Group AG | Hold | $18.00 to $14.00 |
2015-08-21 | Lower Price Target | Global Hunter Securities | $16.00 to $13.00 | |
2015-08-21 | Lower Price Target | Seaport Global Securities | $16.00 to $13.00 | |
2015-08-13 | Lower Price Target | Barclays | Equal Weight | $27.00 to $19.00 |
2015-08-03 | Lower Price Target | Credit Suisse | Neutral | $20.00 to $18.00 |
2015-07-31 | Reiterated Rating | Scotiabank | Sector Outperform | $30.00 to $25.00 |
2015-07-31 | Reiterated Rating | Deutsche Bank | Sell | $19.00 to $14.00 |
2015-07-31 | Lower Price Target | Howard Weil | Sector Outperform | $30.00 to $25.00 |
2015-07-31 | Lower Price Target | RBC Capital | Sector Perform | $25.00 to $23.00 |
2015-07-31 | Lower Price Target | Royal Bank Of Canada | Sector Perform | $25.00 to $23.00 |
2015-07-18 | Lower Price Target | Cowen and Company | Market Perform | $24.00 to $20.00 |
2015-06-26 | Reiterated Rating | Jefferies Group | Hold | $23.00 to $21.00 |
2015-06-22 | Reiterated Rating | Wells Fargo & Co. | Market Perform | |
2015-06-22 | Reiterated Rating | Wells Fargo | Market Perform | |
2015-06-19 | Lower Price Target | Susquehanna | Neutral | $26.00 to $24.00 |
2015-06-19 | Lower Price Target | JPMorgan Chase & Co. | Underweight | $21.00 to $20.00 |
2015-06-11 | Initiated Coverage | Barclays | Equal Weight | $27.00 |
2015-05-29 | Initiated Coverage | JPMorgan Chase & Co. | Underweight | $21.00 |
2015-05-26 | Lower Price Target | Jefferies Group | Hold | $25.00 to $23.00 |
2015-05-09 | Reiterated Rating | Global Hunter Securities | Reduce | $22.00 to $23.00 |
2015-05-09 | Reiterated Rating | Jefferies Group | Hold | $25.00 |
2015-05-09 | Reiterated Rating | Seaport Global Securities | Reduce | $22.00 to $23.00 |
2015-05-05 | Upgrade | Evercore ISI | Hold | |
2015-04-22 | Downgrade | Morgan Stanley | Equal Weight to Underweight | $31.50 to $27.50 |
2015-04-16 | Downgrade | Global Hunter Securities | Neutral to Reduce | |
2015-04-16 | Downgrade | Seaport Global Securities | Neutral to Reduce | |
2015-03-24 | Lower Price Target | FBR & Co. | Market Perform | $45.00 to $25.00 |
2015-03-24 | Lower Price Target | FBR & Co | Market Perform | $45.00 to $25.00 |
2015-03-13 | Initiated Coverage | Susquehanna | Neutral | $23.00 |
2015-03-03 | Downgrade | Societe Generale | Buy to Hold | $34.00 to $27.00 |
2015-03-02 | Downgrade | BMO Capital Markets | Market Perform to Underperform | $30.00 to $17.00 |
2015-02-18 | Initiated Coverage | BMO Capital Markets | Market Perform | $30.00 |
2015-02-02 | Reiterated Rating | Jefferies Group | Hold | $32.00 to $25.00 |
2015-01-08 | Lower Price Target | Jefferies Group | Hold | $37.00 to $32.00 |
2015-01-06 | Upgrade | Societe Generale | Hold to Buy | |
2014-12-19 | Upgrade | Tudor Pickering | Hold to Accumulate | |
2014-12-03 | Initiated Coverage | Jefferies Group | Hold | $37.00 |
2014-11-14 | Boost Price Target | Deutsche Bank | Sell | $29.00 to $33.00 |
2014-10-31 | Reiterated Rating | Credit Suisse | Neutral | $55.00 to $45.00 |
2014-10-15 | Reiterated Rating | Deutsche Bank | Sell | $41.00 to $29.00 |
2014-10-15 | Initiated Coverage | Evercore ISI | Buy | |
2014-10-02 | Reiterated Rating | FBR & Co. | Market Perform | $45.00 to $52.00 |
2014-09-03 | Upgrade | Standpoint Research | Hold to Buy | $60.00 |
2014-08-26 | Reiterated Rating | FBR & Co. | Market Perform | $57.00 to $52.00 |
2014-08-05 | Boost Price Target | Global Hunter Securities | $4.00 to $49.00 | |
2014-08-05 | Boost Price Target | Seaport Global Securities | $4.00 to $49.00 | |
2014-08-04 | Downgrade | BMO Capital Markets | Hold to Sell | $52.00 to $41.00 |
2014-08-04 | Downgrade | Deutsche Bank | Hold to Sell | $52.00 to $41.00 |
2014-08-01 | Reiterated Rating | Jefferies Group | Hold | $56.00 to $54.00 |
2014-07-16 | Downgrade | Guggenheim | Buy to Neutral | $64.00 to $58.00 |
2014-07-15 | Upgrade | BMO Capital Markets | Underperform to Market Perform | $48.00 to $55.00 |
2014-07-10 | Boost Price Target | Goldman Sachs | $48.00 to $50.00 | |
2014-06-23 | Boost Price Target | Guggenheim | Buy | $60.00 to $64.00 |
2014-06-19 | Reiterated Rating | Barclays | Equal Weight | $42.00 to $40.00 |
2014-05-19 | Downgrade | Jefferies Group | Buy to Hold | $58.00 to $56.00 |
2014-05-16 | Reiterated Rating | Barclays | Equal Weight | $44.00 to $42.00 |
2014-05-08 | Downgrade | Nordea Equity Research | Hold to Sell | $53.00 to $46.00 |
2014-05-05 | Lower Price Target | JPMorgan Chase & Co. | $66.00 to $59.00 | |
2014-05-01 | Reiterated Rating | Deutsche Bank | Hold | $52.00 |
2014-04-30 | Lower Price Target | Howard Weil | Sector Outperform | $80.00 to $68.00 |
2014-04-30 | Downgrade | Global Hunter Securities | Buy to Neutral | $53.00 |
2014-04-30 | Reiterated Rating | Citigroup Inc. | Buy | $62.00 |
2014-04-30 | Lower Price Target | Barclays | Underweight | $45.00 to $44.00 |
2014-04-30 | Lower Price Target | Societe Generale | $55.00 to $54.00 | |
2014-04-30 | Downgrade | Seaport Global Securities | Buy to Neutral | $53.00 |
2014-04-29 | Reiterated Rating | Morgan Stanley | Equal Weight | $59.00 |
2014-04-17 | Lower Price Target | Barclays | Equal Weight | $47.00 to $45.00 |
2014-04-08 | Lower Price Target | Barclays | Equal Weight | $50.00 to $47.00 |
2014-03-21 | Lower Price Target | Jefferies Group | Buy | $58.00 |
2014-03-21 | Upgrade | Guggenheim | Neutral to Buy | $60.00 |
2014-03-19 | Reiterated | Cowen | Market Perform | $56 to $52 |
2014-03-19 | Lower Price Target | Cowen and Company | Market Perform | $56.00 to $52.00 |
2014-03-17 | Reiterated Rating | Credit Suisse | Neutral | $63.00 to $55.00 |
2014-03-10 | Lower Price Target | Global Hunter Securities | $56.00 to $53.00 | |
2014-03-09 | Reiterated Rating | Wunderlich | Hold | $61.00 |
2014-03-09 | Reiterated Rating | Jefferies Group | Buy | $68.00 |
2014-03-09 | Reiterated Rating | Societe Generale | Hold | $61.00 |
2014-03-09 | Reiterated Rating | Cowen and Company | Hold | $62.00 |
2014-03-09 | Reiterated Rating | RBC Capital | Hold | $61.00 |
2014-03-08 | Reiterated Rating | FBR & Co. | Hold | $57.00 |
2014-03-05 | Boost Price Target | Sanford C. Bernstein | Market Perform | $54.00 to $55.00 |
2014-02-03 | Downgrade | Raymond James | Outperform to Market Perform | |
2014-01-29 | Lower Price Target | FBR & Co. | Market Perform | $62.00 to $57.00 |
2014-01-29 | Downgrade | Simmons | Overweight to Neutral | |
2014-01-24 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
2014-01-24 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2014-01-23 | Downgrade | Nordea Equity Research | Buy to Hold | |
2014-01-22 | Downgrade | Tudor Pickering | Buy to Hold | |
2014-01-09 | Downgrade | Howard Weil | Focus List to Outperform | $80.00 |
2013-12-18 | Reiterated | RBC Capital Mkts | Sector Perform | $64 to $61 |
2013-12-18 | Lower Price Target | RBC Capital | Sector Perform | $64.00 to $61.00 |
2013-12-06 | Initiated Coverage | FBR & Co. | Outperform to Market Perform | |
2013-11-21 | Lower Price Target | Wunderlich | Hold | $64.00 to $61.00 |
2013-11-06 | Upgrade | Nordea Equity Research | Hold to Buy | $61.00 to $68.00 |
2013-10-28 | Boost Price Target | Societe Generale | Hold | $58.00 to $61.00 |
2013-10-28 | Boost Price Target | Cowen and Company | Market Perform | $60.00 to $62.00 |
2013-10-18 | Lower Price Target | RBC Capital | Sector Perform | $64.00 to $61.00 |
2013-10-16 | Downgrade | BMO Capital Markets | Market Perform to Underperform | |
2013-10-11 | Downgrade | Societe Generale | Buy to Hold | $70.00 to $58.00 |
2013-10-08 | Lower Price Target | JPMorgan Chase & Co. | Neutral | $53.00 to $50.00 |
2013-09-25 | Downgrade | Guggenheim | Buy to Neutral | $68.00 to $60.00 |
2013-09-20 | Lower Price Target | Jefferies Group | Buy | $72.00 to $68.00 |
2012-04-11 | Reiterated | FBR Capital | Outperform | $75 to $77 |
2012-02-21 | Downgrade | Standpoint Research | Buy to Hold |
2016-07-10 | Reiterated Rating | Jefferies Group | Hold | |
2016-06-29 | Reiterated Rating | Evercore ISI | Buy | |
2016-06-28 | Upgrade | Susquehanna | Negative to Neutral | |
2016-06-19 | Initiated Coverage | Bank of America | Underperform | $9.00 to $10.53 |
2016-06-19 | Initiated Coverage | Bank of America Corp. | Underperform | $9.00 to $10.53 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ESV 39 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 13.01M |
BlackRock Institutional Trust Company, N.A. | 9.51M |
CAPITAL GUARDIAN TRUST CO | 1.88M |
RUSSELL FRANK CO/ | 1.22M |
BlackRock Investment Management, LLC | 1.06M |
BlackRock Group LTD | 0.54M |
MANAGED ACCOUNT ADVISORS LLC | 0.45M |
PEAK6 Investments, L.P. | 0.40M |
GLG Partners LP | 0.38M |
Kovitz Investment Group, LLC | 0.23M |
KCG Holdings, Inc. | 0.22M |
BLACKROCK ADVISORS LLC | 0.19M |
Spot Trading L.L.C | 0.16M |
Oceanic Investment Management LTD | 0.13M |
WHV Investments, Inc. | 0.12M |