Ensco Plc (ESV) Holdings Cut by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its position in Ensco Plc (NYSE:ESV) by 19.2% during the fourth quarter, Holdings Channel reports. The fund owned 1,941,492 shares of the offshore drilling services provider’s stock after selling 462,150 shares during the period. Two Sigma Advisers LP’s holdings in Ensco were worth $11,474,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bedel Financial Consulting Inc. bought a new stake in Ensco in the 4th quarter worth $100,000. Private Advisor Group LLC bought a new stake in Ensco in the 3rd quarter worth $100,000. ARGA Investment Management LP bought a new stake in Ensco in the 4th quarter worth $113,000. Crossmark Global Holdings Inc. bought a new stake in Ensco in the 3rd quarter worth $121,000. Finally, Investors Research Corp bought a new stake in Ensco in the 4th quarter worth $128,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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Shares of ESV stock opened at $4.73 on Friday. The firm has a market cap of $2,040.52, a PE ratio of -5.84 and a beta of 1.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.13 and a current ratio of 2.13. Ensco Plc has a 52 week low of $4.10 and a 52 week high of $9.50.

Ensco (NYSE:ESV) last announced its earnings results on Tuesday, February 27th. The offshore drilling services provider reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.03. The firm had revenue of $454.00 million for the quarter, compared to analyst estimates of $453.21 million. Ensco had a negative net margin of 16.48% and a negative return on equity of 1.86%. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. sell-side analysts forecast that Ensco Plc will post -0.96 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, March 2nd. Ensco’s payout ratio is -4.94%.

A number of equities research analysts have issued reports on ESV shares. ValuEngine raised shares of Ensco from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of Ensco from a “hold” rating to a “sell” rating in a report on Thursday, December 28th. Jefferies Group set a $6.00 price target on shares of Ensco and gave the stock a “hold” rating in a report on Thursday, January 4th. Piper Jaffray Companies lowered shares of Ensco from an “overweight” rating to a “neutral” rating and set a $6.00 price target on the stock. in a report on Thursday, January 11th. Finally, Cowen set a $6.00 price target on shares of Ensco and gave the stock a “hold” rating in a report on Thursday, January 11th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $6.66.

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Ensco Company Profile

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.

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Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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