Cipher Capital LP lowered its position in Ensco Plc (NYSE:ESV) by 36.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,804 shares of the offshore drilling services provider’s stock after selling 170,373 shares during the quarter. Cipher Capital LP owned 0.07% of Ensco Plc worth $1,766,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Contrarius Investment Management Ltd lifted its holdings in Ensco Plc by 114.5% in the 2nd quarter. Contrarius Investment Management Ltd now owns 7,638,005 shares of the offshore drilling services provider’s stock worth $39,412,000 after buying an additional 4,077,861 shares in the last quarter. First Trust Advisors LP lifted its holdings in Ensco Plc by 209.0% in the 2nd quarter. First Trust Advisors LP now owns 1,116,657 shares of the offshore drilling services provider’s stock worth $5,762,000 after buying an additional 755,250 shares in the last quarter. South Dakota Investment Council increased its position in shares of Ensco Plc by 19.1% in the 2nd quarter. South Dakota Investment Council now owns 487,200 shares of the offshore drilling services provider’s stock worth $2,514,000 after purchasing an additional 78,100 shares during the last quarter. BlueMountain Capital Management LLC increased its position in shares of Ensco Plc by 66.4% in the 2nd quarter. BlueMountain Capital Management LLC now owns 799,721 shares of the offshore drilling services provider’s stock worth $4,127,000 after purchasing an additional 319,031 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Ensco Plc by 2.2% in the 1st quarter. HighTower Advisors LLC now owns 23,177 shares of the offshore drilling services provider’s stock worth $209,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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Shares of Ensco Plc (ESV) opened at $5.43 on Wednesday. Ensco Plc has a 1-year low of $4.10 and a 1-year high of $12.04. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.58.

Ensco Plc (NYSE:ESV) last released its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.11. The business had revenue of $460.00 million for the quarter, compared to analyst estimates of $457.79 million. Ensco Plc had a negative net margin of 3.04% and a negative return on equity of 0.37%. The firm’s revenue was down 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. equities research analysts expect that Ensco Plc will post -0.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.04 annualized dividend and a yield of 0.74%. Ensco Plc’s dividend payout ratio is presently -17.39%.

Several equities research analysts have recently weighed in on the stock. B. Riley reissued a “neutral” rating on shares of Ensco Plc in a research report on Wednesday, November 1st. ValuEngine raised shares of Ensco Plc from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. BMO Capital Markets boosted their price objective on shares of Ensco Plc from $4.75 to $5.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. UBS AG raised shares of Ensco Plc from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $6.00 to $8.00 in a research report on Monday, September 25th. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of Ensco Plc in a research report on Friday, October 13th. They set a “buy” rating and a $8.00 price objective for the company. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.47.

Ensco Plc 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.

Institutional Ownership by Quarter for Ensco Plc (NYSE:ESV)

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