Pentwater Capital Management LP cut its holdings in Ensco Plc (NYSE:ESV) by 94.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,000 shares of the offshore drilling services provider’s stock after selling 1,336,000 shares during the quarter. Pentwater Capital Management LP’s holdings in Ensco were worth $478,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in shares of Ensco in the third quarter valued at approximately $100,000. GWM Advisors LLC purchased a new stake in shares of Ensco in the second quarter valued at approximately $107,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Ensco in the second quarter valued at approximately $116,000. Harvest Management LLC purchased a new stake in shares of Ensco in the third quarter valued at approximately $119,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Ensco in the third quarter valued at approximately $121,000. Institutional investors and hedge funds own 76.88% of the company’s stock.
ESV has been the subject of a number of recent analyst reports. Goldman Sachs Group initiated coverage on Ensco in a research report on Friday, October 13th. They issued a “buy” rating and a $8.00 price objective for the company. initiated coverage on Ensco in a research report on Thursday, October 19th. They issued a “buy” rating and a $7.30 price objective for the company. Nordea Equity Research restated a “buy” rating and issued a $8.00 price objective on shares of Ensco in a research report on Saturday, September 30th. UBS upgraded Ensco from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $6.00 to $8.00 in a research report on Monday, September 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $6.10 price target on shares of Ensco in a research report on Sunday, October 22nd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. Ensco presently has a consensus rating of “Hold” and an average 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) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.11. The company had revenue of $460.00 million for the quarter, compared to analyst estimates of $457.79 million. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. The firm’s revenue for the quarter was down 16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 earnings per share. equities research analysts predict that Ensco Plc will post -0.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, December 1st. Ensco’s dividend payout ratio (DPR) is currently -21.05%.
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Ensco 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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