State Street Corp Raises Position in Ensco Plc (ESV)

State Street Corp boosted its position in shares of Ensco Plc (NYSE:ESV) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,112,020 shares of the offshore drilling services provider’s stock after acquiring an additional 192,165 shares during the period. State Street Corp owned approximately 3.98% of Ensco Plc worth $62,497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. increased its stake in Ensco Plc by 25.3% during the second quarter. BlackRock Inc. now owns 32,777,289 shares of the offshore drilling services provider’s stock valued at $169,130,000 after acquiring an additional 6,612,735 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ensco Plc by 170.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 16,775,071 shares of the offshore drilling services provider’s stock valued at $86,564,000 after purchasing an additional 10,568,874 shares during the period. Capital Guardian Trust Co. grew its stake in shares of Ensco Plc by 189.3% in the 2nd quarter. Capital Guardian Trust Co. now owns 10,637,145 shares of the offshore drilling services provider’s stock valued at $54,888,000 after purchasing an additional 6,960,500 shares during the period. Capital International Investors grew its stake in shares of Ensco Plc by 181.5% in the 2nd quarter. Capital International Investors now owns 10,606,503 shares of the offshore drilling services provider’s stock valued at $54,730,000 after purchasing an additional 6,838,484 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Ensco Plc by 160.1% in the 2nd quarter. Northern Trust Corp now owns 7,640,797 shares of the offshore drilling services provider’s stock valued at $39,426,000 after purchasing an additional 4,703,710 shares during the period. Hedge funds and other institutional investors own 91.56% of the company’s stock.

Several equities research analysts have recently weighed in on ESV shares. BMO Capital Markets upped their price objective on Ensco Plc from $4.75 to $5.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. ValuEngine lowered Ensco Plc from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $6.00 price objective on Ensco Plc and gave the company a “hold” rating in a research note on Sunday. Zacks Investment Research upgraded Ensco Plc from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, FBR & Co reiterated a “hold” rating on shares of Ensco Plc in a research note on Thursday, October 19th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Ensco Plc has a consensus rating of “Hold” and an average price target of $8.47.

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Ensco Plc (NYSE:ESV) opened at 5.39 on Wednesday. The firm has a market cap of $1.64 billion, a P/E ratio of 33.69 and a beta of 1.75. Ensco Plc has a 12-month low of $4.10 and a 12-month high of $12.04. The firm’s 50-day moving average price is $5.43 and its 200 day moving average price is $5.79.

Ensco Plc (NYSE:ESV) last issued its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating 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 firm had revenue of $460.00 million for the quarter, compared to analyst estimates of $457.79 million. During the same quarter last year, the business posted $0.28 earnings per share. The company’s quarterly revenue was down 16.1% on a year-over-year basis. Analysts forecast that Ensco Plc will post ($0.42) earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Ensco Plc (NYSE:ESV)

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