Ensco Plc (NYSE:ESV) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 72,602,281 shares, a growth of 9.5% from the November 15th total of 66,323,250 shares. Currently, 16.7% of the company’s stock are sold short. Based on an average daily volume of 10,773,963 shares, the days-to-cover ratio is presently 6.7 days.
A number of research analysts have commented on ESV shares. Zacks Investment Research downgraded Ensco from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. FBR & Co lowered their target price on Ensco from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Piper Jaffray Companies restated a “buy” rating and issued a $6.10 target price on shares of Ensco in a research note on Sunday, October 22nd. Goldman Sachs Group started coverage on Ensco in a research note on Friday, October 13th. They issued a “buy” rating and a $8.00 target price on the stock. Finally, Cowen set a $4.00 target price on Ensco and gave the company a “hold” rating in a research note on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.24.
Ensco (NYSE:ESV) traded up $0.25 on Thursday, hitting $7.36. The stock had a trading volume of 17,830,000 shares, compared to its average volume of 12,520,000. The company has a market cap of $3,210.00, a P/E ratio of -32.00 and a beta of 1.82. Ensco has a 52 week low of $4.10 and a 52 week high of $12.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.04 and a current ratio of 5.04.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.04 annualized dividend and a dividend yield of 0.54%. Ensco’s dividend payout ratio (DPR) is presently -17.39%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC acquired a new position in shares of Ensco during the 3rd quarter worth about $100,000. GWM Advisors LLC acquired a new position in shares of Ensco during the 2nd quarter worth about $107,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Ensco during the 2nd quarter worth about $116,000. Harvest Management LLC acquired a new position in shares of Ensco during the 3rd quarter worth about $119,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Ensco during the 3rd quarter worth about $121,000. 76.80% of the stock is owned by institutional investors and hedge funds.
Ensco 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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