Trexquant Investment LP Decreases Position in Ensco Plc (NYSE:ESV)
Trexquant Investment LP reduced its stake in shares of Ensco Plc (NYSE:ESV) by 13.8% during the second quarter, Holdings Channel reports. The institutional investor owned 217,300 shares of the offshore drilling services provider’s stock after selling 34,900 shares during the period. Trexquant Investment LP’s holdings in Ensco Plc were worth $1,121,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Swiss National Bank boosted its stake 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 valued at $4,470,000 after buying an additional 4,100 shares during the period. Nationwide Fund Advisors boosted its stake 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 stake 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 purchased a new stake in shares of Ensco Plc during the first quarter worth about $24,001,000. Finally, Oxford Asset Management boosted its stake 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.
Ensco Plc (ESV) opened at 4.56 on Thursday. Ensco Plc has a 1-year low of $4.32 and a 1-year high of $12.04. The stock’s 50 day moving average is $5.24 and its 200 day moving average is $7.74. The company has a market cap of $1.39 billion, a P/E ratio of 28.50 and a beta of 1.64.
Ensco Plc (NYSE:ESV) last announced its quarterly earnings data on Thursday, July 27th. The offshore drilling services provider reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $457.50 million during the quarter, compared to analyst estimates of $453.48 million. Ensco Plc had a net margin of 2.68% and a return on equity of 0.77%. The business’s quarterly revenue was down 49.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 EPS. Equities analysts anticipate that Ensco Plc will post ($0.37) earnings per share for the current fiscal year.
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A number of brokerages have recently issued reports on ESV. ValuEngine cut shares of Ensco Plc from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BMO Capital Markets upped their target price on shares of Ensco Plc from $4.75 to $5.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $6.00 target price (down from $9.00) on shares of Ensco Plc in a report on Tuesday, July 18th. Seaport Global Securities reaffirmed a “sell” rating on shares of Ensco Plc in a report on Wednesday, July 12th. Finally, Bank of America Corporation lowered shares of Ensco Plc from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $7.00 to $5.00 in a research note on Friday, June 30th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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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