SG Americas Securities LLC lifted its position in Ensco Plc (NYSE:ESV) by 126.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,967 shares of the offshore drilling services provider’s stock after buying an additional 82,549 shares during the period. SG Americas Securities LLC’s holdings in Ensco were worth $1,249,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. purchased a new stake in Ensco during the 3rd quarter worth approximately $127,000. Vanguard Capital Wealth Advisors purchased a new stake in Ensco during the 2nd quarter worth approximately $111,000. Essex Investment Management Co. LLC purchased a new stake in Ensco during the 3rd quarter worth approximately $129,000. Clear Harbor Asset Management LLC purchased a new stake in Ensco during the 2nd quarter worth approximately $131,000. Finally, GWM Advisors LLC purchased a new stake in Ensco during the 3rd quarter worth approximately $187,000. 96.71% of the stock is currently owned by institutional investors.
Shares of NYSE ESV opened at $5.11 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.58 and a current ratio of 2.58. Ensco Plc has a 12 month low of $4.10 and a 12 month 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 consensus estimate of ($0.35) by $0.02. Ensco had a negative net margin of 36.53% and a negative return on equity of 5.98%. The business had revenue of $431.00 million during the quarter, compared to analysts’ expectations of $424.66 million. During the same period in the previous year, the business posted ($0.05) EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities research analysts forecast that Ensco Plc will post -1.33 EPS for the current 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 paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, November 30th. Ensco’s payout ratio is -7.69%.
In other Ensco news, VP Steven Joseph Brady sold 4,500 shares of Ensco stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $6.22, for a total transaction of $27,990.00. Following the completion of the sale, the vice president now directly owns 314,864 shares in the company, valued at approximately $1,958,454.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.
Several analysts have weighed in on the stock. Piper Jaffray Companies reissued a “hold” rating and set a $8.00 target price on shares of Ensco in a research report on Monday, October 1st. Societe Generale set a $12.00 target price on shares of Ensco and gave the stock a “buy” rating in a research report on Thursday, November 1st. Susquehanna Bancshares set a $8.00 target price on shares of Ensco and gave the stock a “hold” rating in a research report on Wednesday, October 31st. Cowen reissued a “hold” rating and set a $5.00 target price on shares of Ensco in a research report on Monday, December 3rd. Finally, UBS Group set a $12.00 target price on shares of Ensco and gave the stock a “buy” rating in a research report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have issued 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 an average price target of $8.74.
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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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