Economy

ENSCO PLC (ESV) Sees Large Decline in Short Interest

The institutional investor held 4.49 million shares of the oil & gas production company at the end of 2017Q2, valued at $23.16 million, up from 3.68 million at the end of the previous reported quarter.

Ensco plc (NYSE:ESV) shares ended at $5.83 with 57.28 mln shares exchanging hands.

Other large investors also recently modified their holdings of the company. MA bought a new stake in shares of Ensco Plc in the second quarter worth $126,000. The stock volatility for the week was 4.05% while for the month was 5.24%. The Hourglass Capital Llc holds 273,500 shares with $1.41M value, up from 195,500 last quarter. Neuberger Berman Group LLC now owns 19,304 shares of the offshore drilling services provider's stock valued at $173,000 after buying an additional 436 shares during the period. It also increased its holding in Gilead Sciences Inc (NASDAQ:GILD) by 5,000 shares in the quarter, for a total of 50,340 shares, and has risen its stake in Pennsylvania Rl Estate Invt (NYSE:PEI). About 33.90 million shares traded or 101.67% up from the average. Nomura Holdings Inc. now owns 23,847 shares of the offshore drilling services provider's stock valued at $213,000 after buying an additional 458,385 shares during the period. Finally, LS Investment Advisors LLC grew its stake in Ensco Plc by 19.5% during the 2nd quarter. Northpointe Cap Limited Liability Corporation invested in 71,683 shares or 0.67% of the stock.

Let's have a look at some of the important valuation ratios of the Ensco plc (ESV). Whereas 8 of them predict the stock is a hold. According to their observations and findings, the stock could provide a high EPS of $0.08/share and a low EPS of $-0.19/share. Jefferies Group LLC set a $9.00 price objective on shares of Ensco Plc and gave the stock a "hold" rating in a report on Saturday, July 1st. Bank of America downgraded the shares of ESV in report on Friday, June 30 to "Underperform" rating. Also, there are 0 buy, 1 sell and 2 strong sell ratings, collectively assigning a 2.8 average brokerage recommendation.

Consequently Ensco Plc (NYSE:ESV)'s weekly and monthly volatility is 4.23%, 5.39% respectively. The stock touched 52-week High of $12.04 on 01/12/17 and 52-week Low of $4.10 on 08/21/17. It opened the session with a $5.84 price tag, later ranging from $5.81 to $6.15, the range at which the stock has traded at throughout the day. The market capitalization of the company is at $1.74 Billion.

The consensus analysts recommendation at this point stands at 2.60 on Ensco plc (NYSE:ESV). The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. The company had revenue of $457.50 million during the quarter, compared to analyst estimates of $453.48 million. During the same period past year, the business posted $2.04 EPS. The firm's quarterly revenue was down 49.7% compared to the same quarter a year ago. However a year ago for the same quarter the company has reported $0.21 EPS. Earnings surprises can have a huge impact on a company's stock price. Investors of record on Monday, September 11th were issued a $0.01 dividend. The stock has "Buy" rating by RBC Capital Markets on Friday, September 1. This represents a $0.04 annualized dividend and a yield of 0.69%. ENSCO PLC's payout ratio is presently 23.53%. Hellman Jordan Management Co. Inc.

WARNING: This piece of content was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another publication, it was illegally copied and republished in violation of USA and global copyright & trademark law. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/05/schwab-charles-investment-management-inc-has-8-74-million-holdings-in-ensco-plc-esv.html. Capstone Asset Mgmt stated it has 0% in ENSCO PLC (NYSE:ESV). The Company provides offshore contract drilling services to the worldwide oil and gas industry.



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