Tradewinds Capital Management LLC lowered its position in ENSCO PLC (NYSE:ESV) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 21,300 shares of the offshore drilling services provider’s stock after selling 149 shares during the period. Tradewinds Capital Management LLC’s holdings in ENSCO PLC were worth $110,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ESV. BlackRock Inc. raised its position in shares of ENSCO PLC by 10,624.9% in the first quarter. BlackRock Inc. now owns 26,164,554 shares of the offshore drilling services provider’s stock worth $234,173,000 after buying an additional 25,920,593 shares during the period. FMR LLC raised its position in shares of ENSCO PLC by 969.0% in the first quarter. FMR LLC now owns 14,705,005 shares of the offshore drilling services provider’s stock worth $131,610,000 after buying an additional 13,329,369 shares during the period. Dimensional Fund Advisors LP raised its position in shares of ENSCO PLC by 657.6% in the first quarter. Dimensional Fund Advisors LP now owns 6,206,197 shares of the offshore drilling services provider’s stock worth $55,544,000 after buying an additional 5,387,049 shares during the period. Bank of New York Mellon Corp raised its position in shares of ENSCO PLC by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 5,559,625 shares of the offshore drilling services provider’s stock worth $49,758,000 after buying an additional 376,733 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of ENSCO PLC by 10.0% in the first quarter. Van ECK Associates Corp now owns 3,676,162 shares of the offshore drilling services provider’s stock worth $32,902,000 after buying an additional 335,120 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

Shares of ENSCO PLC (NYSE:ESV) opened at 4.45 on Friday. The firm’s 50 day moving average is $5.22 and its 200 day moving average is $7.72. ENSCO PLC has a 12 month low of $4.33 and a 12 month high of $12.04. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 27.81 and a beta of 1.64.

ENSCO PLC (NYSE:ESV) last released its quarterly earnings results on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. ENSCO PLC had a return on equity of 0.77% and a net margin of 2.68%. The company had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $453.48 million. During the same quarter in the prior year, the business posted $2.04 earnings per share. The company’s revenue for the quarter was down 49.7% compared to the same quarter last year. 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 research reports. BMO Capital Markets raised their target price on shares of ENSCO PLC from $4.75 to $5.00 and gave the stock a “market perform” rating in a research report on Friday, July 28th. ValuEngine lowered shares of ENSCO PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Barclays PLC restated a “sell” rating and set a $8.00 target price on shares of ENSCO PLC in a research report on Thursday, April 27th. BidaskClub lowered shares of ENSCO PLC from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, Piper Jaffray Companies upgraded shares of ENSCO PLC from a “neutral” rating to an “overweight” rating and lowered their target price for the stock from $9.20 to $8.00 in a research report on Monday, June 19th. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. ENSCO PLC currently has an average rating of “Hold” and a consensus target price 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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Institutional Ownership by Quarter for ENSCO PLC (NYSE:ESV)

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