Ensco Plc (NYSE:ESV) saw some unusual options trading on Monday. Stock investors purchased 7,997 call options on the stock. This represents an increase of approximately 363% compared to the typical daily volume of 1,729 call options.

Several brokerages have recently issued reports on ESV. ValuEngine lowered Ensco Plc from a “hold” rating to a “sell” rating in a research note on Wednesday. Seaport Global Securities lowered Ensco Plc from a “neutral” rating to a “sell” rating and decreased their price target for the company from $6.50 to $4.00 in a research note on Wednesday, June 21st. Jefferies Group LLC set a $9.00 price target on Ensco Plc and gave the company a “hold” rating in a research note on Wednesday, May 24th. BidaskClub upgraded Ensco Plc from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Clarkson Capital upgraded Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Tuesday, May 30th. Seven investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.79.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Ensco Plc by 39.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 819,148 shares of the offshore drilling services provider’s stock worth $7,962,000 after buying an additional 231,190 shares during the period. FMR LLC boosted its position in shares of Ensco Plc by 85.3% in the fourth quarter. FMR LLC now owns 1,375,636 shares of the offshore drilling services provider’s stock worth $13,371,000 after buying an additional 633,446 shares during the period. Franklin Resources Inc. boosted its position in shares of Ensco Plc by 137.7% in the fourth quarter. Franklin Resources Inc. now owns 486,152 shares of the offshore drilling services provider’s stock worth $4,725,000 after buying an additional 281,600 shares during the period. Tudor Investment Corp Et Al boosted its position in shares of Ensco Plc by 152.6% in the fourth quarter. Tudor Investment Corp Et Al now owns 31,852 shares of the offshore drilling services provider’s stock worth $310,000 after buying an additional 19,241 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of Ensco Plc by 15.4% in the fourth quarter. Guggenheim Capital LLC now owns 314,210 shares of the offshore drilling services provider’s stock worth $3,054,000 after buying an additional 42,028 shares during the period. 91.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ensco Plc (ESV) opened at 5.18 on Friday. Ensco Plc has a 52-week low of $4.75 and a 52-week high of $12.04. The firm has a 50 day moving average price of $6.35 and a 200-day moving average price of $8.84. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 2.27 and a beta of 1.64.

Ensco Plc (NYSE:ESV) last announced its quarterly earnings data on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. Ensco Plc had a return on equity of 3.07% and a net margin of 28.32%. The firm had revenue of $471.10 million for the quarter, compared to analysts’ expectations of $468.78 million. Equities research analysts anticipate that Ensco Plc will post ($0.24) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Monday, June 5th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, June 1st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.77%. Ensco Plc’s dividend payout ratio (DPR) is currently 1.69%.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/07/15/ensco-plc-target-of-unusually-high-options-trading-esv.html.

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.

Receive News & Stock Ratings for Ensco Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ensco Plc and related stocks with our FREE daily email newsletter.