Janney Montgomery Scott LLC purchased a new position in Ensco Plc (NYSE:ESV) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,662 shares of the offshore drilling services provider’s stock, valued at approximately $158,000.
A number of other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in shares of Ensco Plc by 237.8% in the first quarter. Acadian Asset Management LLC now owns 661,660 shares of the offshore drilling services provider’s stock worth $5,921,000 after buying an additional 465,767 shares during the last quarter. First Manhattan Co. raised its position in Ensco Plc by 72.6% in the first quarter. First Manhattan Co. now owns 14,260 shares of the offshore drilling services provider’s stock valued at $121,000 after buying an additional 6,000 shares during the last quarter. Sippican Capital Advisors raised its position in Ensco Plc by 9.7% in the first quarter. Sippican Capital Advisors now owns 165,590 shares of the offshore drilling services provider’s stock valued at $1,482,000 after buying an additional 14,618 shares during the last quarter. Nationwide Fund Advisors raised its stake in Ensco Plc by 3.0% in the first quarter. Nationwide Fund Advisors now owns 547,531 shares of the offshore drilling services provider’s stock valued at $4,900,000 after buying an additional 15,777 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in Ensco Plc during the first quarter valued at $279,000. Hedge funds and other institutional investors own 91.74% of the company’s stock.
Shares of Ensco Plc (NYSE ESV) traded down 0.18% during mid-day trading on Monday, reaching $5.70. The company had a trading volume of 16,911,931 shares. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 2.50 and a beta of 1.64. The stock has a 50 day moving average of $6.95 and a 200-day moving average of $9.13. Ensco Plc has a 52 week low of $5.58 and a 52 week high of $12.04.
Ensco Plc (NYSE:ESV) last released its earnings results on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.06. The firm had revenue of $471.10 million during the quarter, compared to analyst estimates of $468.78 million. Ensco Plc had a return on equity of 3.07% and a net margin of 28.32%. On average, analysts expect that Ensco Plc will post ($0.23) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Monday, June 5th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, June 1st. Ensco Plc’s dividend payout ratio (DPR) is 1.69%.
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A number of equities analysts have issued reports on ESV shares. Barclays PLC reaffirmed a “sell” rating and set a $8.00 price objective on shares of Ensco Plc in a report on Thursday, April 27th. Tudor Pickering began coverage on shares of Ensco Plc in a report on Thursday, March 23rd. They issued a “hold” rating on the stock. Evercore ISI boosted their price objective on Ensco Plc from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, March 3rd. Scotiabank set a $13.00 price target on Ensco Plc and gave the company a “buy” rating in a research report on Wednesday, March 22nd. Finally, Piper Jaffray Companies upgraded Ensco Plc from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $9.20 to $8.00 in a research report on Monday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Ensco Plc currently has a consensus rating of “Hold” and a consensus price target of $10.67.
Ensco Plc 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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