Stifel Financial Corp Grows Holdings in ENSCO PLC (ESV)

Stifel Financial Corp raised its stake in ENSCO PLC (NYSE:ESV) by 107.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,212 shares of the offshore drilling services provider’s stock after buying an additional 47,844 shares during the period. Stifel Financial Corp’s holdings in ENSCO PLC were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in ESV. Riverhead Capital Management LLC boosted its position in ENSCO PLC by 94.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 23,905 shares of the offshore drilling services provider’s stock valued at $123,000 after buying an additional 11,605 shares during the period. Hellman Jordan Management Co. Inc. MA purchased a new stake in ENSCO PLC in the 2nd quarter valued at about $126,000. LS Investment Advisors LLC boosted its position in ENSCO PLC by 19.5% in the 2nd quarter. LS Investment Advisors LLC now owns 24,804 shares of the offshore drilling services provider’s stock valued at $128,000 after buying an additional 4,039 shares during the period. Teacher Retirement System of Texas boosted its position in ENSCO PLC by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 25,029 shares of the offshore drilling services provider’s stock valued at $129,000 after buying an additional 937 shares during the period. Finally, Wittenberg Investment Management Inc. purchased a new stake in ENSCO PLC in the 2nd quarter valued at about $129,000. 91.56% of the stock is owned by institutional investors.

Several research firms have issued reports on ESV. Jefferies Group LLC set a $6.00 price objective on shares of ENSCO PLC and gave the company a “hold” rating in a research report on Sunday. FBR & Co lowered their price target on shares of ENSCO PLC from $9.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $6.10 price target on shares of ENSCO PLC in a research report on Sunday, October 22nd. Zacks Investment Research cut shares of ENSCO PLC from a “hold” rating to a “sell” rating in a research report on Monday. Finally, ValuEngine cut shares of ENSCO PLC from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $8.47.

ENSCO PLC (NYSE:ESV) opened at 5.41 on Tuesday. ENSCO PLC has a 52 week low of $4.10 and a 52 week high of $12.04. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 33.81 and a beta of 1.74. The firm’s 50-day moving average is $5.40 and its 200-day moving average is $5.80.

ENSCO PLC (NYSE:ESV) last released its quarterly earnings data on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.11. ENSCO PLC 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 for the quarter, compared to analysts’ expectations of $457.79 million. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was down 16.1% on a year-over-year basis. On average, equities analysts anticipate that ENSCO PLC will post ($0.40) earnings per share for the current year.

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ENSCO PLC 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.

Institutional Ownership by Quarter for ENSCO PLC (NYSE:ESV)

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