Teachers Advisors LLC Acquires 26,758 Shares of Ensco Plc (ESV)
Teachers Advisors LLC raised its position in shares of Ensco Plc (NYSE:ESV) by 7.2% during the first quarter, Holdings Channel reports. The fund owned 397,736 shares of the offshore drilling services provider’s stock after buying an additional 26,758 shares during the period. Teachers Advisors LLC’s holdings in Ensco Plc were worth $3,560,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Swiss National Bank boosted its position in shares of Ensco Plc by 0.8% in the first quarter. Swiss National Bank now owns 499,438 shares of the offshore drilling services provider’s stock worth $4,470,000 after buying an additional 4,100 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Ensco Plc by 3.0% in the first quarter. Nationwide Fund Advisors now owns 547,531 shares of the offshore drilling services provider’s stock worth $4,900,000 after buying an additional 15,777 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Ensco Plc by 20.5% in the first quarter. Envestnet Asset Management Inc. now owns 37,896 shares of the offshore drilling services provider’s stock worth $339,000 after buying an additional 6,436 shares during the last quarter. RidgeWorth Capital Management LLC acquired a new position in shares of Ensco Plc during the first quarter worth approximately $24,001,000. Finally, Oxford Asset Management boosted its position in shares of Ensco Plc by 16.2% in the first quarter. Oxford Asset Management now owns 943,550 shares of the offshore drilling services provider’s stock worth $8,445,000 after buying an additional 131,646 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ensco Plc (ESV) opened at 4.56 on Thursday. Ensco Plc has a 12 month low of $4.32 and a 12 month high of $12.04. The firm’s 50 day moving average is $5.24 and its 200 day moving average is $7.74. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 28.50 and a beta of 1.64.
Ensco Plc (NYSE:ESV) last issued its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The company had revenue of $457.50 million for the quarter, compared to analyst estimates of $453.48 million. Ensco Plc had a return on equity of 0.77% and a net margin of 2.68%. The company’s quarterly revenue was down 49.7% compared to the same quarter last year. During the same period last year, the company earned $2.04 earnings per share. On average, equities analysts predict that Ensco Plc will post ($0.37) earnings per share for the current fiscal year.
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ESV has been the topic of a number of recent research reports. Barclays PLC reaffirmed a “sell” rating and issued a $8.00 target price on shares of Ensco Plc in a report on Thursday, April 27th. BidaskClub raised shares of Ensco Plc from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Bank of America Corporation cut shares of Ensco Plc from a “neutral” rating to an “underperform” rating and cut their target price for the company from $7.00 to $5.00 in a report on Friday, June 30th. Jefferies Group LLC set a $9.00 target price on shares of Ensco Plc and gave the company a “hold” rating in a report on Wednesday, May 24th. Finally, ValuEngine cut shares of Ensco Plc from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Ensco Plc has a consensus rating of “Hold” and an average price target of $9.64.
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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