Neuberger Berman Group LLC Has $11.41 Million Position in Ensco Plc (ESV)

Neuberger Berman Group LLC boosted its holdings in Ensco Plc (NYSE:ESV) by 13,356.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,910,733 shares of the offshore drilling services provider’s stock after purchasing an additional 1,896,534 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.44% of Ensco worth $11,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new stake in shares of Ensco in the third quarter worth about $100,000. Harvest Management LLC purchased a new position in Ensco in the third quarter valued at about $119,000. Crossmark Global Holdings Inc. purchased a new position in Ensco in the third quarter valued at about $121,000. GWM Advisors LLC acquired a new stake in Ensco during the second quarter valued at approximately $107,000. Finally, Fox Run Management L.L.C. acquired a new stake in Ensco during the third quarter valued at approximately $127,000. Hedge funds and other institutional investors own 76.80% of the company’s stock.

Shares of Ensco Plc (NYSE:ESV) opened at $5.68 on Tuesday. Ensco Plc has a 1 year low of $4.10 and a 1 year high of $12.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.04 and a quick ratio of 5.04. The company has a market capitalization of $2,480.00, a P/E ratio of -24.70 and a beta of 1.82.

Ensco (NYSE:ESV) last posted its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.11. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. The firm had revenue of $460.00 million for the quarter, compared to analysts’ expectations of $457.79 million. During the same period last year, the firm earned $0.28 EPS. The firm’s revenue was down 16.1% compared to the same quarter last year. equities analysts anticipate that Ensco Plc will post -0.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, December 4th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, December 1st. Ensco’s dividend payout ratio is currently -17.39%.

Several analysts have issued reports on the company. Nordea Equity Research restated a “buy” rating and set a $8.00 price objective on shares of Ensco in a research note on Saturday, September 30th. FBR & Co cut their price objective on Ensco from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Zacks Investment Research cut Ensco from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. ValuEngine upgraded Ensco from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, UBS Group upgraded Ensco from a “neutral” rating to a “buy” rating and upped their price objective for the company from $6.00 to $8.00 in a research note on Monday, September 25th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company. Ensco presently has a consensus rating of “Hold” and a consensus target price of $8.24.

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About Ensco

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 (NYSE:ESV)

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