Kovitz Investment Group Partners LLC raised its stake in shares of Ensco Plc (NYSE:ESV) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 235,133 shares of the offshore drilling services provider’s stock after buying an additional 5,027 shares during the period. Kovitz Investment Group Partners LLC owned 0.08% of Ensco Plc worth $1,213,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tradewinds Capital Management LLC increased its position in Ensco Plc by 0.7% in the first quarter. Tradewinds Capital Management LLC now owns 21,449 shares of the offshore drilling services provider’s stock valued at $192,000 after buying an additional 149 shares during the period. World Asset Management Inc increased its stake in shares of Ensco Plc by 0.6% in the first quarter. World Asset Management Inc now owns 25,438 shares of the offshore drilling services provider’s stock valued at $228,000 after buying an additional 158 shares during the period. ZWJ Investment Counsel Inc. increased its stake in shares of 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. LS Investment Advisors LLC increased its stake in shares of Ensco Plc by 1.2% in the first quarter. LS Investment Advisors LLC now owns 20,765 shares of the offshore drilling services provider’s stock valued at $186,000 after buying an additional 240 shares during the period. Finally, Tyers Asset Management LLC increased its stake in shares of Ensco Plc by 2.7% in the first quarter. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider’s stock valued at $123,000 after buying an additional 364 shares during the period. 88.94% of the stock is currently owned by institutional investors.
Ensco Plc (NYSE:ESV) traded up 2.88% during mid-day trading on Friday, reaching $4.28. The company’s stock had a trading volume of 16,754,609 shares. Ensco Plc has a one year low of $4.14 and a one year high of $12.04. The stock’s 50 day moving average is $5.06 and its 200 day moving average is $7.42. The firm has a market cap of $1.30 billion, a PE ratio of 26.75 and a beta of 1.64.
Ensco Plc (NYSE:ESV) last issued its earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The company’s revenue for the quarter was down 49.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 EPS. On average, analysts anticipate that Ensco Plc will post ($0.37) EPS for the current year.
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A number of brokerages have recently commented on ESV. Barclays PLC reiterated a “sell” rating and issued a $8.00 target price on shares of Ensco Plc in a report on Thursday, April 27th. Jefferies Group LLC set a $9.00 target price on Ensco Plc and gave the stock a “hold” rating in a report on Wednesday, May 24th. Clarkson Capital upgraded Ensco Plc from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Tuesday, May 30th. Seaport Global Securities upgraded Ensco Plc from a “sell” rating to a “neutral” rating and set a $6.50 price objective for the company in a report on Wednesday, May 31st. Finally, BidaskClub upgraded Ensco Plc from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Five investment 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. The stock 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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