Follow The Short Interest: Ensco Plc (NYSE:ESV) Stock Is Shorted More

January 11, 2017 - By Linda Rogers   ·   0 Comments

Follow The Short Interest: Ensco Plc (NYSE:ESV) Stock Is Shorted More

The stock of Ensco Plc (NYSE:ESV) registered an increase of 64.74% in short interest. ESV’s total short interest was 32.29M shares in January as published by FINRA. Its up 64.74% from 19.60M shares, reported previously. With 17.25M shares average volume, it will take short sellers 2 days to cover their ESV’s short positions. The short interest to Ensco Plc’s float is 10.77%. About 9.60 million shares traded hands. ENSCO PLC (NYSE:ESV) has risen 4.67% since June 7, 2016 and is uptrending. It has underperformed by 2.76% the S&P500.

Ensco plc is an offshore contract drilling company. The company has a market cap of $3.49 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.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q3 2016. Its down 0.21, from 1.26 in 2016Q2. The ratio dived, as 38 funds sold all ENSCO PLC shares owned while 111 reduced positions. 48 funds bought stakes while 109 increased positions. They now own 254.51 million shares or 3.26% more from 246.48 million shares in 2016Q2.
Aperio Ltd Liability Company has 111,460 shares for 0.01% of their US portfolio. Exane Derivatives owns 2,854 shares or 0% of their US portfolio. Wells Fargo Co Mn accumulated 634,244 shares or 0% of the stock. State Treasurer State Of Michigan holds 142,300 shares or 0.01% of its portfolio. Raymond James & Assoc last reported 0% of its portfolio in the stock. The Germany-based Deutsche Retail Bank Ag has invested 0.02% in ENSCO PLC (NYSE:ESV). Bnp Paribas Arbitrage Sa reported 64,081 shares or 0% of all its holdings. Blackrock Fund Advsrs holds 0.02% of its portfolio in ENSCO PLC (NYSE:ESV) for 11.96 million shares. Greatmark Prtnrs Inc, a Georgia-based fund reported 231,625 shares. Fairfield Bush & holds 0.32% or 115,127 shares in its portfolio. Ancora Advsr Ltd Liability accumulated 0.01% or 15,850 shares. Blackrock Institutional Tru Na has 0.01% invested in the company for 9.06 million shares. Boothbay Fund Mgmt Ltd Liability Corp holds 0.03% or 12,714 shares in its portfolio. Basswood Capital Management Ltd Llc has 0% invested in the company for 7,986 shares. The Bahamas-based Key Group Holdg (Cayman) Limited has invested 3.54% in ENSCO PLC (NYSE:ESV).

ENSCO PLC (NYSE:ESV) Ratings Coverage

Out of 27 analysts covering Ensco Plc (NYSE:ESV), 7 rate it a “Buy”, 5 “Sell”, while 15 “Hold”. This means 26% are positive. Ensco Plc has been the topic of 50 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of ENSCO PLC (NYSE:ESV) has “Underperform” rating given on Monday, June 13 by Bank of America. The stock has “Sell” rating given by Deutsche Bank on Monday, September 28. Seaport Global downgraded the stock to “Sell” rating in Thursday, July 14 report. The firm earned “Neutral” rating on Thursday, September 22 by Clarkson Capital. The company was downgraded on Friday, December 16 by Goldman Sachs. The stock of ENSCO PLC (NYSE:ESV) has “Sell” rating given on Wednesday, March 9 by Fearnley. On Monday, November 30 the stock rating was upgraded by Guggenheim to “Buy”. Deutsche Bank upgraded ENSCO PLC (NYSE:ESV) on Monday, April 18 to “Hold” rating. Howard Weil initiated the stock with “Outperform” rating in Wednesday, September 14 report. Cowen & Co maintained ENSCO PLC (NYSE:ESV) on Thursday, January 7 with “Market Perform” rating.

ESV Company Profile

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.

Another recent and important ENSCO PLC (NYSE:ESV) news was published by which published an article titled: “Ensco plc Announces Early Participation Results, Extension of Early …” on December 20, 2016.

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By Linda Rogers

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