Wasatch Advisors Inc. purchased a new position in shares of Ensco Plc (NYSE:ESV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 330,558 shares of the offshore drilling services provider’s stock, valued at approximately $1,954,000. Wasatch Advisors Inc. owned approximately 0.06% of Ensco as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new stake in shares of Ensco in the third quarter valued at $100,000. GWM Advisors LLC acquired a new stake in shares of Ensco in the second quarter valued at $107,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Ensco in the second quarter valued at $116,000. Harvest Management LLC acquired a new stake in shares of Ensco in the third quarter valued at $119,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Ensco in the third quarter valued at $121,000. Institutional investors own 76.80% of the company’s stock.
Shares of Ensco Plc (NYSE:ESV) opened at $6.87 on Friday. Ensco Plc has a 52 week low of $4.10 and a 52 week high of $12.03. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3,852.52, a price-to-earnings ratio of -36.16 and a beta of 1.82.
Ensco (NYSE:ESV) last posted its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.11. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. The company had revenue of $460.00 million for the quarter, compared to analysts’ expectations of $457.79 million. During the same period last year, the firm earned $0.28 earnings per share. Ensco’s quarterly revenue was down 16.1% on a year-over-year basis. equities research analysts predict that Ensco Plc will post -0.5 EPS for the current year.
Several analysts have recently issued reports on ESV shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $6.10 price objective 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 price objective on the stock. started coverage on Ensco in a research note on Thursday, October 19th. They issued a “buy” rating and a $7.30 price objective on the stock. Nordea Equity Research reiterated a “buy” rating and issued a $8.00 price objective on shares of Ensco in a research note on Saturday, September 30th. Finally, UBS Group upgraded Ensco from a “neutral” rating to a “buy” rating and increased their price objective for the company from $6.00 to $8.00 in a research note on Monday, September 25th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Ensco has an average rating of “Hold” and an average price target of $7.91.
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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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