Operating income 353.1 million (+22%)
Operating margin 56% (44%)
EPS 2.14 (+29%)
Balance sheet
Assets
Current $1,400.9 million
Total $5,830.1 million
Liabilities
Current $427.9 million
Total $1,153.2 million
Equity $4,676.9 million
Outlook
“We are beginning to be impacted by lower oil and gas prices, tight credit markets and the global recession. There is no question that 2009 will be a challenging year and that jackup rigs, including some of our own, will be without contracts for some portion of the year. Despite the challenging outlook, we believe our strong balance sheet, favorable contract backlog, conservative approach to internally funding our new rig construction program and the growing contribution from our deepwater fleet will provide Ensco a competitive advantage over the next several years.”
P/E 3.2
P/B 0.78
The report
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