New York State Common Retirement Fund grew its position in shares of Ensco Plc (NYSE:ESV) by 7.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,413,100 shares of the offshore drilling services provider’s stock after acquiring an additional 101,200 shares during the period. New York State Common Retirement Fund owned about 0.32% of Ensco worth $8,436,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. GWM Advisors LLC purchased a new stake in shares of Ensco in the 2nd quarter worth approximately $107,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Ensco in the 2nd quarter worth approximately $116,000. Harvest Management LLC purchased a new stake in shares of Ensco in the 3rd quarter worth approximately $119,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Ensco in the 3rd quarter worth approximately $121,000. Finally, Riverhead Capital Management LLC grew its stake in shares of Ensco by 94.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 23,905 shares of the offshore drilling services provider’s stock worth $123,000 after buying an additional 11,605 shares during the last quarter. Hedge funds and other institutional investors own 76.80% of the company’s stock.
Several research firms recently weighed in on ESV. ValuEngine upgraded Ensco from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. B. Riley restated a “neutral” rating on shares of Ensco in a research note on Wednesday, November 1st. Zacks Investment Research downgraded Ensco from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Jefferies Group set a $6.00 price target on Ensco and gave the stock a “hold” rating in a research note on Sunday, October 29th. Finally, FBR & Co cut their price target on Ensco from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price 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 (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.11. The business had revenue of $460.00 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 16.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. equities analysts predict that Ensco Plc will post -0.54 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.04 annualized dividend and a dividend yield of 0.71%. Ensco’s payout ratio is -21.05%.
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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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