NumerixS Investment Technologies Inc acquired a new stake in shares of Ensco Rowan PLC (NYSE:ESV) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 281,400 shares of the offshore drilling services provider’s stock, valued at approximately $1,132,000.

Other institutional investors have also added to or reduced their stakes in the company. Stevens Capital Management LP boosted its position in shares of Ensco Rowan by 13.6% during the first quarter. Stevens Capital Management LP now owns 85,944 shares of the offshore drilling services provider’s stock valued at $338,000 after buying an additional 10,313 shares during the last quarter. Hosking Partners LLP boosted its position in shares of Ensco Rowan by 8.6% during the fourth quarter. Hosking Partners LLP now owns 2,528,562 shares of the offshore drilling services provider’s stock valued at $9,002,000 after buying an additional 200,387 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Ensco Rowan by 0.4% during the first quarter. Retirement Systems of Alabama now owns 569,178 shares of the offshore drilling services provider’s stock valued at $2,237,000 after buying an additional 2,448 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Ensco Rowan by 95.1% in the fourth quarter. Private Advisor Group LLC now owns 22,300 shares of the offshore drilling services provider’s stock valued at $79,000 after acquiring an additional 10,871 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in Ensco Rowan by 14.8% in the fourth quarter. Alps Advisors Inc. now owns 154,509 shares of the offshore drilling services provider’s stock valued at $550,000 after acquiring an additional 19,862 shares during the period.

NYSE ESV opened at $8.37 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.34 and a current ratio of 2.34. Ensco Rowan PLC has a 52 week low of $8.29 and a 52 week high of $38.04. The stock has a market capitalization of $1.81 billion, a PE ratio of -1.56 and a beta of 2.09.

Ensco Rowan (NYSE:ESV) last posted its quarterly earnings data on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) EPS for the quarter, topping the consensus estimate of ($1.79) by $0.10. Ensco Rowan had a negative return on equity of 7.65% and a negative net margin of 40.72%. The firm had revenue of $405.90 million for the quarter, compared to the consensus estimate of $405.12 million. During the same quarter last year, the company earned ($0.32) earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities analysts predict that Ensco Rowan PLC will post -4.91 EPS for the current fiscal year.

ESV has been the topic of a number of recent research reports. Barclays set a $5.00 target price on Ensco Rowan and gave the company a “sell” rating in a report on Wednesday, February 20th. Wells Fargo & Co reissued a “buy” rating on shares of Ensco Rowan in a report on Friday, March 1st. ValuEngine downgraded Ensco Rowan from a “buy” rating to a “hold” rating in a report on Friday, March 1st. B. Riley lowered their target price on Ensco Rowan from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, March 5th. Finally, HSBC raised Ensco Rowan from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Ensco Rowan presently has a consensus rating of “Hold” and an average price target of $10.22.

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About Ensco Rowan

Ensco Rowan plc provides offshore drilling services in various water depths worldwide. It operates a rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups. The company's offshore fleet include 16 drillships, 12 semisubmersibles, 54 jackups, and 2 deepwater managed units.

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

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