Ensco Plc (ESV) Holdings Reduced by Cwm LLC
Cwm LLC cut its holdings in shares of Ensco Plc (NYSE:ESV) by 17.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,230 shares of the offshore drilling services provider’s stock after selling 25,123 shares during the quarter. Cwm LLC’s holdings in Ensco were worth $716,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Private Advisor Group LLC bought a new stake in Ensco during the third quarter valued at about $100,000. Harvest Management LLC bought a new stake in Ensco during the third quarter valued at about $119,000. Crossmark Global Holdings Inc. bought a new stake in Ensco during the third quarter valued at about $121,000. GWM Advisors LLC bought a new stake in Ensco during the second quarter valued at about $107,000. Finally, Fox Run Management L.L.C. bought a new stake in Ensco during the third quarter valued at about $127,000. 76.80% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on ESV shares. FBR & Co reduced their target price on Ensco from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Nordea Equity Research reaffirmed a “buy” rating and issued a $8.00 target price on shares of Ensco in a report on Saturday, September 30th. Zacks Investment Research cut Ensco from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Deutsche Bank started coverage on Ensco in a report on Tuesday, October 10th. They issued a “hold” rating and a $6.00 target price on the stock. Finally, BMO Capital Markets set a $5.00 target price on Ensco and gave the stock a “hold” rating in a report on Tuesday, October 17th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. Ensco currently has a consensus rating of “Hold” and an average target price of $7.91.
Ensco Plc (NYSE:ESV) opened at $6.87 on Friday. Ensco Plc has a 12-month low of $4.10 and a 12-month high of $12.03. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.04 and a quick ratio of 5.04.
Ensco (NYSE:ESV) last released its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.11. The company had revenue of $460.00 million during the quarter, compared to analyst estimates of $457.79 million. Ensco had a negative return on equity of 0.37% and a negative net margin of 3.04%. The firm’s revenue was down 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share. equities analysts predict that Ensco Plc will post -0.5 EPS for the current fiscal year.
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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