Credit Suisse AG Trims Holdings in Ensco Plc (ESV)

Credit Suisse AG decreased its position in Ensco Plc (NYSE:ESV) by 34.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,365,426 shares of the offshore drilling services provider’s stock after selling 1,224,745 shares during the quarter. Credit Suisse AG’s holdings in Ensco were worth $19,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Timber Hill LLC bought a new position in shares of Ensco during the 3rd quarter valued at approximately $106,000. Wetherby Asset Management Inc. bought a new position in shares of Ensco during the 3rd quarter valued at approximately $107,000. Vanguard Capital Wealth Advisors bought a new position in shares of Ensco during the 2nd quarter valued at approximately $111,000. Deprince Race & Zollo Inc. bought a new position in shares of Ensco during the 3rd quarter valued at approximately $127,000. Finally, Essex Investment Management Co. LLC bought a new position in shares of Ensco during the 3rd quarter valued at approximately $129,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

In other Ensco news, VP Steven Joseph Brady sold 4,500 shares of the company’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $6.22, for a total value of $27,990.00. Following the transaction, the vice president now owns 314,864 shares of the company’s stock, valued at approximately $1,958,454.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Several equities analysts have recently weighed in on ESV shares. Barclays boosted their target price on Ensco from $4.00 to $5.00 and gave the company an “underweight” rating in a research report on Thursday, August 9th. ValuEngine raised Ensco from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 4th. DNB Markets downgraded Ensco from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. BTIG Research started coverage on Ensco in a research report on Monday, September 17th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Ensco in a research report on Monday, October 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Ensco presently has an average rating of “Hold” and a consensus price target of $8.74.

Shares of Ensco stock opened at $6.15 on Tuesday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.60. Ensco Plc has a 52 week low of $4.10 and a 52 week high of $9.51.

Ensco (NYSE:ESV) last announced its quarterly earnings data on Monday, October 29th. The offshore drilling services provider reported ($0.33) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.02. The company had revenue of $431.00 million for the quarter, compared to the consensus estimate of $424.66 million. Ensco had a negative return on equity of 5.98% and a negative net margin of 36.53%. Ensco’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) EPS. Sell-side analysts anticipate that Ensco Plc will post -1.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Monday, December 3rd will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, November 30th. Ensco’s dividend payout ratio (DPR) is presently -7.69%.

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Ensco Company Profile

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.

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Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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