Montgomery Investment Management Inc. lowered its stake in shares of Ensco Plc (NYSE:ESV) by 8.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,197 shares of the offshore drilling services provider’s stock after selling 5,600 shares during the period. Montgomery Investment Management Inc.’s holdings in Ensco Plc were worth $295,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Ensco Plc by 10,624.9% in the first quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock worth $234,173,000 after buying an additional 25,920,593 shares during the period. FMR LLC raised its stake in shares of Ensco Plc by 969.0% in the first quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock worth $131,610,000 after buying an additional 13,329,369 shares during the period. Dimensional Fund Advisors LP boosted its stake in Ensco Plc by 657.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,206,197 shares of the offshore drilling services provider’s stock valued at $55,544,000 after buying an additional 5,387,049 shares in the last quarter. RidgeWorth Capital Management LLC bought a new stake in Ensco Plc during the first quarter valued at approximately $24,001,000. Finally, MARSHALL WACE ASIA Ltd bought a new stake in Ensco Plc during the first quarter valued at approximately $22,072,000. Hedge funds and other institutional investors own 88.94% of the company’s stock.
Ensco Plc (ESV) traded up 2.88% on Friday, reaching $4.28. 16,754,609 shares of the company’s stock were exchanged. Ensco Plc has a one year low of $4.14 and a one year high of $12.04. The firm has a market cap of $1.30 billion, a PE ratio of 26.75 and a beta of 1.64. The firm has a 50 day moving average price of $5.06 and a 200 day moving average price of $7.42.
Ensco Plc (NYSE:ESV) last announced its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $457.50 million during the quarter, compared to the consensus estimate of $453.48 million. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. The firm’s quarterly revenue was down 49.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.04 earnings per share. On average, equities analysts anticipate that Ensco Plc will post ($0.37) earnings per share for the current year.
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ESV has been the subject of a number of recent research reports. Barclays PLC reissued a “sell” rating and set a $8.00 price target on shares of Ensco Plc in a research report on Thursday, April 27th. Jefferies Group LLC set a $9.00 target price on shares of Ensco Plc and gave the stock a “hold” rating in a report on Wednesday, May 24th. Clarkson Capital upgraded shares of Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Tuesday, May 30th. Seaport Global Securities upgraded shares of Ensco Plc from a “sell” rating to a “neutral” rating and set a $6.50 price target for the company in a research note on Wednesday, May 31st. Finally, BidaskClub upgraded shares of Ensco Plc from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Ensco Plc presently has a consensus rating of “Hold” and a consensus price target of $9.85.
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.
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