Ensco Plc (ESV) Shares Sold by SG Americas Securities LLC
SG Americas Securities LLC lessened its stake in shares of Ensco Plc (NYSE:ESV) by 45.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,252 shares of the offshore drilling services provider’s stock after selling 72,874 shares during the period. SG Americas Securities LLC’s holdings in Ensco were worth $527,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ESV. Harvest Management LLC bought a new position in Ensco during the third quarter worth about $119,000. Crossmark Global Holdings Inc. bought a new position in Ensco during the third quarter worth about $121,000. GWM Advisors LLC bought a new position in Ensco during the second quarter worth about $107,000. Fox Run Management L.L.C. bought a new position in Ensco during the third quarter worth about $127,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Ensco during the second quarter worth about $116,000. Institutional investors and hedge funds own 76.88% of the company’s stock.
A number of brokerages have weighed in on ESV. B. Riley reiterated a “neutral” rating on shares of Ensco in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Ensco from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. UBS upgraded shares of Ensco from a “neutral” rating to a “buy” rating and increased their target price for the stock from $6.00 to $8.00 in a research report on Monday, September 25th. Nordea Equity Research reiterated a “buy” rating and set a $8.00 target price on shares of Ensco in a research report on Saturday, September 30th. Finally, BMO Capital Markets set a $5.00 target price on shares of Ensco and gave the stock a “hold” rating in a research report on Tuesday, October 17th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Ensco currently has an average rating of “Hold” and a consensus price target of $8.24.
Ensco (NYSE:ESV) last released its quarterly earnings data on Thursday, October 26th. The offshore drilling services provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.11. Ensco had a negative net margin of 3.04% and a negative return on equity of 0.37%. The company had revenue of $460.00 million during the quarter, compared to analyst estimates of $457.79 million. During the same period last year, the business earned $0.28 earnings per share. Ensco’s revenue was down 16.1% compared to the same quarter last year. equities research analysts forecast that Ensco Plc will post -0.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.71%. Ensco’s dividend payout ratio (DPR) is currently -21.05%.
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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