Investors sold shares of Ensco Plc (NYSE:ESV) on strength during trading on Thursday. $36.69 million flowed into the stock on the tick-up and $106.82 million flowed out of the stock on the tick-down, for a money net flow of $70.13 million out of the stock. Of all stocks tracked, Ensco Plc had the 10th highest net out-flow for the day. Ensco Plc traded up $0.02 for the day and closed at $5.83

ESV has been the subject of several research reports. Nordea Equity Research reaffirmed a “buy” rating and issued a $8.00 target price on shares of Ensco Plc in a research report on Saturday, September 30th. BidaskClub raised Ensco Plc from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. ValuEngine raised Ensco Plc from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Bank of America Corporation downgraded Ensco Plc from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $7.00 to $5.00 in a research report on Friday, June 30th. Finally, Piper Jaffray Companies raised Ensco Plc from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $9.20 to $8.00 in a research report on Monday, June 19th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.47.

The stock’s 50-day moving average price is $4.93 and its 200 day moving average price is $6.26. The firm has a market capitalization of $1.77 billion, a PE ratio of 36.44 and a beta of 1.75.

Ensco Plc (NYSE:ESV) last issued its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share 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 firm had revenue of $457.50 million during the quarter, compared to analyst estimates of $453.48 million. During the same quarter last year, the firm earned $2.04 EPS. Ensco Plc’s quarterly revenue was down 49.7% on a year-over-year basis. On average, analysts anticipate that Ensco Plc will post ($0.38) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Monday, September 11th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, September 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.69%. Ensco Plc’s dividend payout ratio (DPR) is presently 23.53%.

A number of hedge funds and other institutional investors have recently modified their holdings of ESV. GWM Advisors LLC acquired a new stake in Ensco Plc during the 2nd quarter valued at approximately $107,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Ensco Plc during the 2nd quarter valued at approximately $116,000. Riverhead Capital Management LLC grew its stake in Ensco Plc by 94.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 23,905 shares of the offshore drilling services provider’s stock valued at $123,000 after purchasing an additional 11,605 shares in the last quarter. Hellman Jordan Management Co. Inc. MA acquired a new stake in Ensco Plc during the 2nd quarter valued at approximately $126,000. Finally, LS Investment Advisors LLC grew its stake in Ensco Plc by 19.5% during the 2nd quarter. LS Investment Advisors LLC now owns 24,804 shares of the offshore drilling services provider’s stock valued at $128,000 after purchasing an additional 4,039 shares in the last quarter. Hedge funds and other institutional investors own 91.56% of the company’s stock.

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About Ensco Plc

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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