HighTower Advisors LLC Boosts Stake in Ensco Plc (NYSE:ESV)
HighTower Advisors LLC boosted its position in shares of Ensco Plc (NYSE:ESV) by 2.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,177 shares of the offshore drilling services provider’s stock after buying an additional 500 shares during the period. HighTower Advisors LLC’s holdings in Ensco Plc were worth $209,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESV. First Manhattan Co. raised its stake in shares of Ensco Plc by 72.6% in the first quarter. First Manhattan Co. now owns 14,260 shares of the offshore drilling services provider’s stock valued at $121,000 after buying an additional 6,000 shares during the period. Sippican Capital Advisors raised its stake in shares of Ensco Plc by 9.7% in the first quarter. Sippican Capital Advisors now owns 165,590 shares of the offshore drilling services provider’s stock valued at $1,482,000 after buying an additional 14,618 shares during the period. Nationwide Fund Advisors raised its stake in shares of Ensco Plc by 3.0% in the first quarter. Nationwide Fund Advisors now owns 547,531 shares of the offshore drilling services provider’s stock valued at $4,900,000 after buying an additional 15,777 shares during the period. James Investment Research Inc. bought a new stake in shares of Ensco Plc during the first quarter valued at about $279,000. Finally, Hartford Investment Management Co. raised its stake in shares of Ensco Plc by 25.3% in the first quarter. Hartford Investment Management Co. now owns 36,420 shares of the offshore drilling services provider’s stock valued at $326,000 after buying an additional 7,350 shares during the period. 88.94% of the stock is owned by institutional investors.
Shares of Ensco Plc (NYSE:ESV) traded up 2.88% during mid-day trading on Friday, reaching $4.28. 16,754,609 shares of the company were exchanged. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 26.75 and a beta of 1.64. Ensco Plc has a 12 month low of $4.14 and a 12 month high of $12.04. The company’s 50-day moving average is $5.06 and its 200 day moving average is $7.42.
Ensco Plc (NYSE:ESV) last released its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $453.48 million. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The firm’s revenue was down 49.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.04 earnings per share. Analysts predict that Ensco Plc will post ($0.37) EPS for the current year.
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ESV has been the topic of a number of recent research reports. Clarkson Capital upgraded shares of Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Tuesday, May 30th. Jefferies Group LLC set a $9.00 price target on shares of Ensco Plc and gave the stock a “hold” rating in a research report on Wednesday, May 24th. BMO Capital Markets restated a “hold” rating and set a $4.75 price target on shares of Ensco Plc in a research report on Tuesday, July 11th. ValuEngine raised shares of Ensco Plc from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Seaport Global Securities raised shares of Ensco Plc from a “sell” rating to a “neutral” rating and set a $6.50 target price on the stock in a research note on Wednesday, May 31st. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Ensco Plc has an average rating of “Hold” and an average price target of $9.85.
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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