Sippican Capital Advisors cut its holdings in shares of Ensco Plc (NYSE:ESV) by 28.4% during the fourth quarter, Holdings Channel reports. The fund owned 144,528 shares of the offshore drilling services provider’s stock after selling 57,413 shares during the period. Sippican Capital Advisors’ holdings in Ensco were worth $854,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ESV. Schwab Charles Investment Management Inc. boosted its position in Ensco by 29.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,692,842 shares of the offshore drilling services provider’s stock worth $8,736,000 after acquiring an additional 387,292 shares during the last quarter. Principal Financial Group Inc. boosted its position in Ensco by 4.8% during the second quarter. Principal Financial Group Inc. now owns 1,297,529 shares of the offshore drilling services provider’s stock worth $6,696,000 after acquiring an additional 58,893 shares during the last quarter. Swiss National Bank boosted its position in Ensco by 2.4% during the second quarter. Swiss National Bank now owns 511,638 shares of the offshore drilling services provider’s stock worth $2,640,000 after acquiring an additional 12,200 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Ensco by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,676 shares of the offshore drilling services provider’s stock worth $246,000 after acquiring an additional 143 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Ensco by 14.4% during the second quarter. Franklin Resources Inc. now owns 580,852 shares of the offshore drilling services provider’s stock worth $2,997,000 after acquiring an additional 73,200 shares during the last quarter. Hedge funds and other institutional investors own 76.80% of the company’s stock.

Ensco Plc (NYSE:ESV) traded down $0.46 during trading hours on Wednesday, reaching $6.97. 19,491,199 shares of the company’s stock traded hands, compared to its average volume of 15,606,010. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.58. The firm has a market cap of $3,100.00, a price-to-earnings ratio of -30.30 and a beta of 1.82. Ensco Plc has a 12 month low of $4.10 and a 12 month high of $12.03.

Ensco (NYSE:ESV) last posted its earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.11. The company had revenue of $460.00 million for the quarter, compared to analyst estimates of $457.79 million. Ensco had a negative net margin of 3.04% and a negative return on equity of 0.37%. Ensco’s revenue was down 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS. sell-side analysts anticipate that Ensco Plc will post -0.5 EPS for the current year.

A number of equities analysts recently weighed in on ESV shares. Piper Jaffray Companies restated a “buy” rating and set a $6.10 price target on shares of Ensco in a research report on Sunday, October 22nd. Goldman Sachs Group started coverage on shares of Ensco in a research report on Friday, October 13th. They set a “buy” rating and a $8.00 price target on the stock. started coverage on shares of Ensco in a research report on Thursday, October 19th. They set a “buy” rating and a $7.30 price target on the stock. Nordea Equity Research restated a “buy” rating and set a $8.00 price target on shares of Ensco in a research report on Saturday, September 30th. Finally, UBS Group upgraded shares of Ensco from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $6.00 to $8.00 in a research report on Monday, September 25th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $7.91.

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About Ensco

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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