ENSCO PLC (ESV) Stake Raised by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board boosted its stake in ENSCO PLC (NYSE:ESV) by 25.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,454,510 shares of the offshore drilling services provider’s stock after buying an additional 297,100 shares during the period. Canada Pension Plan Investment Board owned 0.48% of ENSCO PLC worth $7,505,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of ENSCO PLC by 10,624.9% in the first quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock worth $234,173,000 after buying an additional 25,920,593 shares in the last quarter. FMR LLC raised its stake in shares of ENSCO PLC by 969.0% in the first quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock worth $131,610,000 after buying an additional 13,329,369 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of ENSCO PLC by 657.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,206,197 shares of the offshore drilling services provider’s stock worth $55,544,000 after buying an additional 5,387,049 shares in the last quarter. RidgeWorth Capital Management LLC bought a new stake in shares of ENSCO PLC during the first quarter worth $24,001,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of ENSCO PLC during the first quarter worth $22,072,000. 88.94% of the stock is owned by institutional investors.
ENSCO PLC (ESV) opened at 4.28 on Monday. The company has a market capitalization of $1.30 billion, a PE ratio of 26.75 and a beta of 1.64. The stock’s 50 day moving average is $5.06 and its 200-day moving average is $7.42. ENSCO PLC has a 12 month low of $4.14 and a 12 month high of $12.04.
ENSCO PLC (NYSE:ESV) last posted its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. ENSCO PLC had a net margin of 2.68% and a return on equity of 0.77%. The company had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. During the same period in the prior year, the company posted $2.04 earnings per share. ENSCO PLC’s revenue for the quarter was down 49.7% compared to the same quarter last year. On average, analysts expect that ENSCO PLC will post ($0.37) EPS for the current year.
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A number of analysts recently weighed in on the stock. ValuEngine lowered shares of ENSCO PLC from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Seaport Global Securities lowered shares of ENSCO PLC from a “neutral” rating to a “sell” rating and lowered their price target for the company from $6.50 to $4.00 in a report on Wednesday, June 21st. Jefferies Group LLC set a $9.00 price target on shares of ENSCO PLC and gave the company a “hold” rating in a report on Wednesday, May 24th. BidaskClub raised shares of ENSCO PLC from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Clarkson Capital raised shares of ENSCO PLC from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, May 30th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the 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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