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.



Like this

Latest


06 October 2017
Analyst Ratings for: Turquoise Hill Resources Ltd. (TRQ)
According to Finviz reported data, The SMA20 of the stock is at 3.07 percent, SMA50 is 2.38 percent, while SMA200 is 6.45 percent. Analysts are also projecting an Average Revenue Estimate for Turquoise Hill Resources Ltd.as $234320 in the Current Quarter.

06 October 2017
Asus Zenfone V goes on sale at Verizon for $384 or $16/month
The smartphone runs Android Nougat with ZenUI 3.0 and comes equipped with a 3,000mAh battery with fast charging ability. The smartphone offers 4GB of RAM and 32GB internal storage which can be expanded up to 256GB by adding a microSD card.

06 October 2017
Helios and Matheson Analytics Inc. (HMNY)- Stocks Gaining Momentum
Stock price volatility is an indicator that is most often used by options traders to find changes in trends in the market place. Important factors to focus when evaluating a stock's present and future value are the 52 week price high and low levels.

06 October 2017
Cam Newton Apologizes for 'Extremely Degrading' Remarks to Female Reporter
Rodrigue was back in the locker room Thursday, flanked by Mike Persinger, the executive sports editor of The Charlotte Observer . That set off national criticism of Newton, with many calling his statement sexist.

06 October 2017
Trump Hints at 'Calm Before Storm' at Meeting With Military Leaders
On North Korea, the president said "we will do what we must do" to prevent Pyongyang from threatening the USA and its allies. NBC News' Kristen Welker asked Trump one more time what the " storm " he referred to was.

06 October 2017
Major League Baseball probes potential use of smartwatch by Arizona Diamondbacks coach
Prieto told the website that he apologized to manager Torey Lovullo for failing to leave the watch in the clubhouse. Prieto was seen in the dugout wearing a watch similar to ones worn by Boston Red Sox personnel in August.

06 October 2017
La masacre de Las Vegas fue cuidadosamente planeada
Danley , de 62 años, estaba en Filipinas cuando ocurrió la tragedia que dejó más de 55 personas muertas y sobre 400 heridos . La Casa Blanca ha anunciado que el presidente Donald Trump hará una declaración a lo largo de la mañana sobre lo ocurrido.

06 October 2017
Private Advisor Group LLC Cuts Stake in Becton, Dickinson and Company (BDX)
The medical instruments supplier reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.02. Annex Advisory Services Limited Liability Company has invested 0.18% in LyondellBasell Industries NV (NYSE:LYB).

06 October 2017
Revenue Approximations Analysis: American Tower Corporation (AMT), Heron Therapeutics, Inc. (HRTX)
The real estate investment trust reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $1.55 by ($0.75). Public Employees Retirement Association Of Colorado bought 308,806 shares as the company's stock rose 18.69% with the market.

06 October 2017
Las Vegas police say Stephen Paddock's SUV found
Investigators are still trying to determine what motivated Paddock to open fire from a high-rise hotel room. It wasn't immediately known if Paddock had earlier planned an attack on that venue.



Recommended