HBK Sorce Advisory LLC bought a new position in Ensco Plc (NYSE:ESV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 36,182 shares of the offshore drilling services provider’s stock, valued at approximately $214,000.
Several other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC grew its holdings in shares of Ensco by 41.7% in the fourth quarter. LS Investment Advisors LLC now owns 33,905 shares of the offshore drilling services provider’s stock worth $200,000 after purchasing an additional 9,970 shares during the last quarter. Creative Planning grew its holdings in shares of Ensco by 70.5% in the fourth quarter. Creative Planning now owns 24,127 shares of the offshore drilling services provider’s stock worth $143,000 after purchasing an additional 9,980 shares during the last quarter. QS Investors LLC boosted its holdings in Ensco by 38.9% in the fourth quarter. QS Investors LLC now owns 37,241 shares of the offshore drilling services provider’s stock valued at $220,000 after acquiring an additional 10,431 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Ensco by 46.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 33,031 shares of the offshore drilling services provider’s stock valued at $197,000 after acquiring an additional 10,493 shares in the last quarter. Finally, Wright Investors Service Inc. boosted its holdings in Ensco by 63.0% in the fourth quarter. Wright Investors Service Inc. now owns 27,587 shares of the offshore drilling services provider’s stock valued at $163,000 after acquiring an additional 10,660 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.
Several research firms recently weighed in on ESV. Cowen set a $6.00 price target on shares of Ensco and gave the company a “hold” rating in a report on Thursday, January 11th. Susquehanna Bancshares set a $7.00 price target on shares of Ensco and gave the company a “hold” rating in a report on Friday, January 12th. Piper Jaffray Companies cut shares of Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 price target on the stock. in a report on Thursday, January 11th. Credit Suisse Group cut shares of Ensco from an “outperform” rating to a “neutral” rating and set a $8.00 price target on the stock. in a report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Ensco from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. Ensco currently has an average rating of “Hold” and an average price target of $7.02.
Ensco (NYSE:ESV) last announced its earnings results on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.03. Ensco had a negative net margin of 16.48% and a negative return on equity of 1.86%. The firm had revenue of $454.00 million for the quarter, compared to analysts’ expectations of $453.21 million. During the same quarter in the previous year, the business posted $0.10 EPS. The company’s quarterly revenue was down 10.1% on a year-over-year basis. research analysts expect that Ensco Plc will post -0.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, March 2nd. Ensco’s dividend payout ratio (DPR) is presently -4.94%.
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Ensco Company Profile
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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