November 28, 2016 - By kentuckypostne · 0 Comments
Ensco PLC (NYSE:ESV) institutional sentiment decreased to 1.05 in 2016 Q2. Its down -0.21, from 1.26 in 2016Q1. The ratio dived, as 176 funds started new or increased positions, while 140 reduced and sold their stakes in Ensco PLC. The funds in our partner’s database now hold: 246.48 million shares, up from 206.94 million shares in 2016Q1. Also, the number of funds holding Ensco PLC in their top 10 positions decreased from 3 to 1 for a decrease of 2. Sold All: 51 Reduced: 89 Increased: 126 New Position: 50.
Ensco plc is an offshore contract drilling company. The company has a market cap of $2.44 billion. The Firm provides offshore contract drilling services to the international gas and oil industry. It currently has negative earnings. The Company’s divisions include Floaters, Jackups and Other.
About 2,000 shares traded hands. ENSCO PLC (NYSE:ESV) has declined 24.67% since April 25, 2016 and is downtrending. It has underperformed by 30.68% the S&P500.
Analysts await ENSCO PLC (NYSE:ESV) to report earnings on February, 22. They expect $0.08 earnings per share, down 91.30% or $0.84 from last year’s $0.92 per share. ESV’s profit will be $23.10M for 26.41 P/E if the $0.08 EPS becomes a reality. After $0.25 actual earnings per share reported by ENSCO PLC for the previous quarter, Wall Street now forecasts -68.00% negative EPS growth.
According to Zacks Investment Research, “Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. The Company owns and operates drilling rigs including jackup, ultra-deepwater semisubmersible and barge rigs. Its drilling rigs are located throughout the world and concentrated in the major geographic regions of Asia Pacific (which includes Asia, the Middle East, Australia and New Zealand), Europe/Africa and North and South America. The Company provides drilling services on a day rate contract basis. Under day rate contracts, it provides the drilling rig and rig crews, and receives a fixed amount per day for drilling the well. Its customers bear substantially all of the ancillary costs of constructing the well and supporting drilling operations. The Company does not provide turnkey or other risk-based drilling services.”
Oceanic Investment Management Ltd holds 6.62% of its portfolio in ENSCO PLC for 1.44 million shares. Key Group Holdings (Cayman) Ltd. owns 2.93 million shares or 2.48% of their US portfolio. Moreover, Signia Capital Management Llc has 1.74% invested in the company for 56,424 shares. The California-based Huber Capital Management Llc has invested 1.59% in the stock. Van Den Berg Management I Inc, a Texas-based fund reported 1.18 million shares.#img1#
Ratings analysis reveals 23% of Ensco Plc’s analysts are positive. Out of 26 Wall Street analysts rating Ensco Plc, 6 give it “Buy”, 6 “Sell” rating, while 14 recommend “Hold”. The lowest target is $7 while the high is $25. The stock’s average target of $13.75 is 62.72% above today’s ($8.45) share price. ESV was included in 47 notes of analysts from August 3, 2015. The firm has “Neutral” rating given on Thursday, August 25 by Citigroup. The rating was upgraded by Zephrin Group on Monday, September 19 to “Buy”. RBC Capital Markets maintained ENSCO PLC (NYSE:ESV) rating on Friday, July 31. RBC Capital Markets has “Sector Perform” rating and $23 price target. The stock has “Sell” rating given by DNB Markets on Tuesday, July 19. Goldman Sachs maintained it with “Neutral” rating and $13 target price in Friday, April 15 report. Susquehanna downgraded ENSCO PLC (NYSE:ESV) on Monday, March 28 to “Negative” rating. The stock of ENSCO PLC (NYSE:ESV) has “Neutral” rating given on Tuesday, October 25 by Clarksons Platou. Seaport Global downgraded the stock to “Sell” rating in Thursday, July 14 report. The stock has “Hold” rating given by Jefferies on Wednesday, September 28. Deutsche Bank maintained ENSCO PLC (NYSE:ESV) rating on Monday, September 28. Deutsche Bank has “Sell” rating and $13 price target.
Ensco plc, incorporated on September 18, 2009, is an offshore contract drilling company. The Firm provides offshore contract drilling services to the international gas and oil industry. The Company’s divisions include Floaters, Jackups and Other. The Company’s Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling. The Other segment consists of management services on rigs owned by third parties. The Jackups divisions provide contract drilling. It owns and operates an offshore drilling rig fleet of over 60 rigs, including approximately four rigs under construction, with drilling activities in markets around the globe. The Company’s rig fleet includes approximately 10 drill ships, over 10 semisubmersible rigs, approximately three moored semisubmersible rigs and over 40 jackup rigs. Of its approximately 70 rigs, approximately 30 are located in the Middle East, Africa and Asia Pacific (including over four rigs under construction), over 20 are located in North and South America (including Brazil), and approximately 20 are located in Europe and the Mediterranean.
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