OppenheimerFunds Inc. Has $654,000 Stake in ENSCO PLC (NYSE:ESV)

OppenheimerFunds Inc. raised its stake in ENSCO PLC (NYSE:ESV) by 21.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,034 shares of the offshore drilling services provider’s stock after buying an additional 12,653 shares during the period. OppenheimerFunds Inc.’s holdings in ENSCO PLC were worth $654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ESV. Van ECK Associates Corp increased its stake in ENSCO PLC by 10.0% in the first quarter. Van ECK Associates Corp now owns 3,676,162 shares of the offshore drilling services provider’s stock valued at $32,902,000 after buying an additional 335,120 shares during the period. ZWJ Investment Counsel Inc. increased its stake in ENSCO PLC by 1.6% in the first quarter. ZWJ Investment Counsel Inc. now owns 11,635 shares of the offshore drilling services provider’s stock valued at $104,000 after buying an additional 180 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in ENSCO PLC by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 140,470 shares of the offshore drilling services provider’s stock valued at $1,257,000 after buying an additional 2,230 shares during the period. HRT Financial LLC purchased a new stake in ENSCO PLC during the first quarter valued at about $126,000. Finally, Majedie Asset Management Ltd increased its stake in ENSCO PLC by 10.4% in the first quarter. Majedie Asset Management Ltd now owns 1,402,450 shares of the offshore drilling services provider’s stock valued at $12,552,000 after buying an additional 131,750 shares during the period. Institutional investors own 91.45% of the company’s stock.

Shares of ENSCO PLC (NYSE:ESV) traded down 1.28% during mid-day trading on Friday, hitting $5.39. The company had a trading volume of 20,722,524 shares. The firm has a market capitalization of $1.64 billion, a PE ratio of 2.37 and a beta of 1.64. ENSCO PLC has a 52 week low of $4.71 and a 52 week high of $12.04. The firm has a 50-day moving average price of $5.51 and a 200-day moving average price of $8.32.

ENSCO PLC (NYSE:ESV) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $468.78 million. ENSCO PLC had a net margin of 28.32% and a return on equity of 3.07%. Equities analysts forecast that ENSCO PLC will post ($0.26) earnings per share for the current year.

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ESV has been the subject of several analyst reports. Barclays PLC reaffirmed a “sell” rating and issued a $8.00 price objective on shares of ENSCO PLC in a report on Thursday, April 27th. BMO Capital Markets reaffirmed a “hold” rating and issued a $4.75 price objective on shares of ENSCO PLC in a report on Tuesday, July 11th. BidaskClub cut ENSCO PLC from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Piper Jaffray Companies raised ENSCO PLC from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $9.20 to $8.00 in a report on Monday, June 19th. Finally, Bank of America Corporation cut ENSCO PLC from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $7.00 to $5.00 in a report on Friday, June 30th. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. ENSCO PLC has a consensus rating of “Hold” and an average target price of $9.63.

About ENSCO PLC

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 PLC (NYSE:ESV)

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