Credit Suisse AG boosted its stake in shares of Ensco Plc (NYSE:ESV) by 6.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 506,719 shares of the offshore drilling services provider’s stock after buying an additional 31,857 shares during the period. Credit Suisse AG owned 0.17% of Ensco Plc worth $4,534,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of ESV. BlackRock Inc. increased 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 valued at $234,173,000 after buying an additional 25,920,593 shares in the last quarter. FMR LLC increased 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 valued at $131,610,000 after buying an additional 13,329,369 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 valued at $55,544,000 after buying an additional 5,387,049 shares during the last quarter. RidgeWorth Capital Management LLC acquired a new position in shares of Ensco Plc during the first quarter valued at $24,001,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Ensco Plc during the first quarter valued at $22,072,000. Institutional investors own 88.94% of the company’s stock.
Ensco Plc (NYSE ESV) traded up 2.88% on Friday, hitting $4.28. 16,754,609 shares of the stock were exchanged. The company has a 50-day moving average of $5.06 and a 200 day moving average of $7.42. The firm has a market cap of $1.30 billion, a P/E 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.
Ensco Plc (NYSE:ESV) last announced its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The business had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. During the same period last year, the business earned $2.04 earnings per share. The business’s revenue for the quarter was down 49.7% on a year-over-year basis. Equities research analysts expect that Ensco Plc will post ($0.37) earnings per share for the current fiscal year.
Several equities analysts recently weighed in on ESV shares. Barclays PLC reaffirmed a “sell” rating and issued a $8.00 price target on shares of Ensco Plc in a research report on Thursday, April 27th. Jefferies Group LLC set a $9.00 target price on shares of Ensco Plc and gave the stock a “hold” rating in a research report on Wednesday, May 24th. Clarkson Capital raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Tuesday, May 30th. 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 report on Wednesday, May 31st. Finally, BidaskClub raised shares of Ensco Plc from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.85.
Ensco Plc Company Profile
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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