Magnus Financial Group LLC Buys Shares of 17,936 Ensco Plc (ESV)

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Magnus Financial Group LLC acquired a new stake in Ensco Plc (NYSE:ESV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,936 shares of the offshore drilling services provider’s stock, valued at approximately $64,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC bought a new position in Ensco in the 4th quarter valued at approximately $36,000. Hellman Jordan Management Co. Inc. MA bought a new position in Ensco in the 4th quarter valued at approximately $38,000. Leavell Investment Management Inc. bought a new position in Ensco in the 4th quarter valued at approximately $39,000. Piedmont Investment Advisors Inc. bought a new position in Ensco in the 4th quarter valued at approximately $41,000. Finally, AlphaMark Advisors LLC raised its holdings in Ensco by 45.8% in the 4th quarter. AlphaMark Advisors LLC now owns 15,140 shares of the offshore drilling services provider’s stock valued at $54,000 after buying an additional 4,756 shares during the last quarter. Institutional investors and hedge funds own 98.37% of the company’s stock.

Shares of ESV stock opened at $4.23 on Friday. The company has a market cap of $1.85 billion, a PE ratio of -3.16 and a beta of 2.17. Ensco Plc has a 52 week low of $3.19 and a 52 week high of $9.51. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.48 and a quick ratio of 2.48.

Ensco (NYSE:ESV) last announced its quarterly earnings data on Thursday, February 28th. The offshore drilling services provider reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.01). Ensco had a negative return on equity of 6.95% and a negative net margin of 37.51%. The company had revenue of $399.00 million for the quarter, compared to analyst estimates of $404.69 million. During the same period last year, the business earned ($0.23) EPS. The business’s quarterly revenue was down 12.1% compared to the same quarter last year. On average, sell-side analysts expect that Ensco Plc will post -1.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Monday, March 11th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, March 8th. Ensco’s dividend payout ratio is currently -2.99%.

A number of research analysts recently issued reports on the stock. Cowen reiterated a “hold” rating and issued a $5.00 price objective on shares of Ensco in a report on Monday, December 3rd. Wells Fargo & Co reiterated a “buy” rating on shares of Ensco in a report on Tuesday, December 11th. Barclays set a $5.00 price objective on shares of Ensco and gave the company a “sell” rating in a report on Wednesday, February 20th. DNB Markets upgraded shares of Ensco from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $6.00 price objective on shares of Ensco in a report on Monday, January 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.33.

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Ensco Profile

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.

Further Reading: What is a Leveraged Buyout (LBO)?

Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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