Sci-tech

Ensco Plc (NYSE:ESV) Downgraded by BidaskClub

Taking a broader look brokerage firms' analysts on the street with an expectant view have Ensco Plc (NYSE:ESV) high price target of $15 and with a conservative view have low price target of $4. It is positive, as 52 investors sold ESV shares while 93 reduced holdings. The company maintains price to book ratio of 0.18.

Currently Ensco Plc (NYSE:ESV)'s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 89.8%.

Several brokerages have commented on ESV. The average analysts gave this company a mean recommendation of 2.00.

At the end of Mar reporting period, 164 institutional holders increased their position in Ensco plc (NYSE:ESV) by some 69,969,479 shares, 166 decreased positions by 72,943,573 and 54 held positions by 138,948,674. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, June 21 report. Ensco Plc has a 52-week low of $4.89 and a 52-week high of $12.04. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of "Hold" and an average target price of $10.03.

Other large investors also recently modified their holdings of the company.

Ensco plc (NYSE:ESV) has a current Magic Formula rank of 4519. For the quarter, shares have been noted at -43.32%. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 26,164,554 shares of the stock are valued at $138.41 million. Alyeska Investment Group L.P. now owns 5,817,738 shares of the offshore drilling services provider's stock valued at $56,548,000 after buying an additional 4,828,991 shares in the last quarter. Finally, Numeric Investors LLC raised its stake in Ensco Plc by 224.6% in the fourth quarter. They expect $-0.07 earnings per share, down 113.73% or $0.58 from last year's $0.51 per share. PA increased its stake in Ensco Plc by 262.3% in the fourth quarter. About 1,354 shares traded. The formula which was developed by hedge fund manager Joel Greenblatt, is meant to spot high quality companies that are trading at an attractive price.

ENSCO PLC is trading at a lower price-to-earnings ratio than Transocean Partners, indicating that it is now the more affordable of the two stocks. The stock closing price is now trading downward to its 50 day moving average with change of -24.00%, tumbled to its 20 day moving average with figure of -9.12% and behind its 200 day moving average with value -41.65%. For the current year the company's revenue estimates are $1.84 Billion compared to low analyst estimates of $1.76 Billion and high estimates of $1.94 Billion according to 16 number of analysts. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

ENSCO PLC (NYSE:ESV) last released its quarterly earnings data on Thursday, April 27th. The offshore drilling services provider reported ($0.04) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.10) by $0.06.

The company announced a dividend for shareholders paid on Friday the 16th of June 2017. The ex-dividend date was Thursday, June 1st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.79%. Ensco Plc's payout ratio is presently 1.69%.

WARNING: This article was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of USA & global trademark & copyright laws. The correct version of this story can be read at https://www.thestockobserver.com/2017/07/07/ensco-plc-esv-shares-bought-by-world-asset-management-inc-updated-updated-updated.html.

Ensco plc, launched on September 18, 2009, is an offshore contract drilling company. The Firm provides offshore contract drilling services to the worldwide gas and oil industry. The Company operates through three segments: Floaters, Jackups and Other.



Like this

Latest


08 July 2017
Noteworthy Movers: Archer Daniels Midland Company (NYSE:ADM)
Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares. Archer-Daniels-Midland Company (NYSE:ADM) Farm Products shows a Dividend Yield of 3.06% with a Payout Ratio of 51.20%.

08 July 2017
Google's AI powerhouse DeepMind is opening its first global lab in Canada
Google's artificial intelligence (AI) subsidiary DeepMind has opened its first worldwide research lab in Edmonton, Canada. DeepMind departed its own central London office last summer and moved into Google's swanky new office nearby .

08 July 2017
Achillion Pharmaceuticals (ACHN) Given Media Sentiment Rating of
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by Sports Perspectives and is the property of of Sports Perspectives. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock.

08 July 2017
Dollar advances after strong U.S. jobs report, backs Fed hike view
From April to June, monthly job gains have averaged 194,000 positions. As more people look for jobs, the unemployment rate may rise.

08 July 2017
Austin Aries Released From WWE On Friday
The WWE announced on Friday the release of Austin Aries , who has recently competed in the WWE's cruiserweight division. Each match saw the Greatest Man That Ever Lived lose, before his disappearance from 205 Live after Extreme Rules .

08 July 2017
Dick's Sporting Goods (NYSE:DKS) Earns Daily News Impact Rating of 0.22
Analysts have placed a $51.58 price target on Dick's Sporting Goods , Inc., suggesting a 30.12% gain from recent close. The stock of TE Connectivity Ltd (NYSE:TEL) earned "Outperform" rating by RBC Capital Markets on Friday, September 25.

08 July 2017
Oregon Close to Becoming Third State to Make T21 Law
The bill passed Wednesday by the Legislature requires insurance companies to cover abortions at no cost to the patient. Not so with Oregon's southern border, as California, along with Hawaii, increased its tobacco age to 21 past year .

08 July 2017
Sadiq Khan rejects call to move Notting Hill carnival after Grenfell fire
London's mayor, Sadiq Khan, rejected the call, saying the carnival belonged on the streets of its Notting Hill birthplace. More than one million people attend Notting Hill Carnival every year, making it the biggest street festival in Europe.

08 July 2017
US Adds a Robust 222000 Jobs in June
In June, the unemployment rate, at 4.4%, and the number of unemployed persons, at 7.0 million, were little changed. Remember, the headline unemployment rate declined under Barack Obama because people were leaving the workforce.

08 July 2017
How Analysts Feel About Alliance Resource Partners, LP (NASDAQ:ARLP)?
It dropped, as 126 investors sold AMZN shares while 478 reduced holdings. 80 funds opened positions while 126 raised stakes. On October 5 Deutsche Bank maintained a stock rating of "Buy" but lowered the price expectation from $36.00 to $32.00.



Recommended