ProShare Advisors LLC boosted its stake in ENSCO PLC (NYSE:ESV) by 41.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,066 shares of the offshore drilling services provider’s stock after buying an additional 22,444 shares during the period. ProShare Advisors LLC’s holdings in ENSCO PLC were worth $393,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlueMountain Capital Management LLC grew its position in ENSCO PLC by 66.4% in the 2nd quarter. BlueMountain Capital Management LLC now owns 799,721 shares of the offshore drilling services provider’s stock valued at $4,127,000 after buying an additional 319,031 shares in the last quarter. Check Capital Management Inc. CA grew its position in ENSCO PLC by 10.4% in the 2nd quarter. Check Capital Management Inc. CA now owns 28,735 shares of the offshore drilling services provider’s stock valued at $148,000 after buying an additional 2,700 shares in the last quarter. Wittenberg Investment Management Inc. bought a new position in ENSCO PLC in the 2nd quarter valued at about $129,000. BlackRock Inc. grew its position in ENSCO PLC by 25.3% in the 2nd quarter. BlackRock Inc. now owns 32,777,289 shares of the offshore drilling services provider’s stock valued at $169,130,000 after buying an additional 6,612,735 shares in the last quarter. Finally, Nationwide Fund Advisors grew its position in ENSCO PLC by 35.1% in the 2nd quarter. Nationwide Fund Advisors now owns 739,902 shares of the offshore drilling services provider’s stock valued at $3,818,000 after buying an additional 192,371 shares in the last quarter. Hedge funds and other institutional investors own 91.56% of the company’s stock.
ESV has been the subject of a number of research analyst reports. Nordea Equity Research reissued a “buy” rating and issued a $8.00 price target on shares of ENSCO PLC in a report on Saturday, September 30th. ValuEngine downgraded shares of ENSCO PLC from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. UBS AG raised shares of ENSCO PLC from a “neutral” rating to a “buy” rating and upped their price target for the company from $6.00 to $8.00 in a report on Monday, September 25th. Seaport Global Securities downgraded shares of ENSCO PLC from a “neutral” rating to a “sell” rating and cut their price target for the company from $6.50 to $4.00 in a report on Wednesday, June 21st. Finally, BidaskClub raised shares of ENSCO PLC from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $9.47.
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Shares of ENSCO PLC (NYSE ESV) opened at 5.68 on Friday. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 35.50 and a beta of 1.75. ENSCO PLC has a 1-year low of $4.10 and a 1-year high of $12.04. The firm’s 50-day moving average is $5.02 and its 200-day moving average is $6.24.
ENSCO PLC (NYSE:ESV) last released its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. ENSCO PLC had a return on equity of 0.77% and a net margin of 2.68%. The business had revenue of $457.50 million for the quarter, compared to analysts’ expectations of $453.48 million. During the same quarter in the previous year, the business posted $2.04 EPS. ENSCO PLC’s revenue for the quarter was down 49.7% on a year-over-year basis. On average, analysts predict that ENSCO PLC will post ($0.38) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Monday, September 11th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Friday, September 8th. ENSCO PLC’s dividend payout ratio (DPR) is presently 23.53%.
About ENSCO PLC
Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.
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