An issue of Ensco Plc (NYSE:ESV) debt rose 1.4% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 7.75% coupon and will mature on February 1, 2026. The bonds in the issue are now trading at $84.00 and were trading at $80.25 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.

ESV has been the topic of several research reports. ValuEngine upgraded Ensco from a “hold” rating to a “buy” rating in a research note on Thursday, December 27th. Susquehanna Bancshares set a $8.00 target price on Ensco and gave the company a “hold” rating in a research note on Wednesday, October 31st. DNB Markets upgraded Ensco from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Societe Generale set a $12.00 target price on Ensco and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, Jefferies Financial Group restated a “hold” rating and issued a $4.00 target price on shares of Ensco in a research note on Friday, December 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Ensco currently has an average rating of “Hold” and a consensus target price of $7.50.

Shares of NYSE:ESV traded up $0.29 during midday trading on Monday, reaching $4.78. 10,420,177 shares of the company traded hands, compared to its average volume of 12,141,879. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.58 and a current ratio of 2.58. Ensco Plc has a 12 month low of $3.19 and a 12 month high of $9.51. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -9.19 and a beta of 2.20.

Several large investors have recently added to or reduced their stakes in ESV. FMR LLC raised its stake in shares of Ensco by 6.9% during the 2nd quarter. FMR LLC now owns 34,395,479 shares of the offshore drilling services provider’s stock valued at $249,712,000 after purchasing an additional 2,213,621 shares during the period. Bank of America Corp DE raised its stake in shares of Ensco by 40.2% during the 2nd quarter. Bank of America Corp DE now owns 523,093 shares of the offshore drilling services provider’s stock valued at $3,798,000 after purchasing an additional 149,869 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of Ensco during the 3rd quarter valued at $129,000. Aperio Group LLC raised its stake in shares of Ensco by 8.2% during the 3rd quarter. Aperio Group LLC now owns 546,559 shares of the offshore drilling services provider’s stock valued at $4,613,000 after purchasing an additional 41,218 shares during the period. Finally, Alps Advisors Inc. raised its stake in shares of Ensco by 13.2% during the 3rd quarter. Alps Advisors Inc. now owns 134,647 shares of the offshore drilling services provider’s stock valued at $1,136,000 after purchasing an additional 15,680 shares during the period. Institutional investors own 96.66% of the company’s stock.

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Ensco Company Profile (NYSE:ESV)

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.

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