The stock of ENSCO PLC (NYSE:ESV) is a huge mover today! About 3.97 million shares traded hands. ENSCO PLC (NYSE:ESV) has declined 25.49% since April 13, 2016 and is downtrending. It has underperformed by 29.42% the S&P500.
The move comes after 5 months positive chart setup for the $2.70 billion company. It was reported on Nov, 15 by Barchart.com. We have $12.37 PT which if reached, will make NYSE:ESV worth $1.22B more.
ENSCO PLC (NYSE:ESV) Ratings Coverage
Out of 26 analysts covering Ensco Plc (NYSE:ESV), 6 rate it a “Buy”, 6 “Sell”, while 14 “Hold”. This means 23% are positive. Ensco Plc has been the topic of 47 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Jefferies maintained the shares of ESV in a report on Wednesday, September 28 with “Hold” rating. The firm has “Sector Outperform” rating given on Friday, July 31 by Howard Weil. As per Wednesday, March 9, the company rating was downgraded by Fearnley. The rating was maintained by Citigroup on Wednesday, March 16 with “Neutral”. On Friday, January 29 the stock rating was downgraded by Citigroup to “Hold”. The company was upgraded on Tuesday, April 19 by DNB Markets. The rating was initiated by Citigroup on Tuesday, October 20 with “Buy”. Morgan Stanley upgraded the shares of ESV in a report on Friday, April 15 to “Equal-Weight” rating. The firm earned “Sector Perform” rating on Friday, July 31 by RBC Capital Markets. The rating was initiated by KLR Group with “Buy” on Monday, December 14.
According to Zacks Investment Research, “Ensco International plc, formerly ENSCO International Incorporated, is a provider of offshore contract drilling services to the international oil and gas industry. The Company owns and operates drilling rigs including jackup, ultra-deepwater semisubmersible and barge rigs. Its drilling rigs are located throughout the world and concentrated in the major geographic regions of Asia Pacific (which includes Asia, the Middle East, Australia and New Zealand), Europe/Africa and North and South America. The Company provides drilling services on a day rate contract basis. Under day rate contracts, it provides the drilling rig and rig crews, and receives a fixed amount per day for drilling the well. Its customers bear substantially all of the ancillary costs of constructing the well and supporting drilling operations. The Company does not provide turnkey or other risk-based drilling services.”
Insitutional Activity: The institutional sentiment increased to 1.26 in 2016 Q2. Its up 0.45, from 0.81 in 2016Q1. The ratio improved, as 51 funds sold all ENSCO PLC shares owned while 89 reduced positions. 50 funds bought stakes while 126 increased positions. They now own 246.48 million shares or 19.11% more from 206.94 million shares in 2016Q1.
Nationwide Fund last reported 511,381 shares in the company. State Board Of Administration Of Florida Retirement Systems holds 0.01% or 249,958 shares in its portfolio. Breton Hill Limited reported 87,171 shares or 0.27% of all its holdings. Zwj Investment Counsel holds 0.18% or 180,933 shares in its portfolio. Systematic Financial Mgmt Limited Partnership has 171,105 shares for 0.02% of their US portfolio. World Asset Mgmt accumulated 0.01% or 19,805 shares. Zimmer Prns Limited Partnership has 0.9% invested in the company for 3.10 million shares. Shoker Investment Counsel last reported 10,496 shares in the company. Moreover, Parametric Assocs Ltd Com has 0.01% invested in ENSCO PLC (NYSE:ESV) for 630,103 shares. Moreover, Royal Natl Bank Of Canada has 0% invested in ENSCO PLC (NYSE:ESV) for 222,130 shares. Synovus Fincl Corp owns 19,965 shares or 0% of their US portfolio. Millennium Management Ltd Llc accumulated 0.18% or 8.22M shares. Dynamic Cap has invested 0.24% of its portfolio in ENSCO PLC (NYSE:ESV). Whittier Company has 0% invested in the company for 3,088 shares. Checchi Cap Advisers Limited Liability Corp reported 4,124 shares or 0% of all its holdings.
More news for ENSCO PLC (NYSE:ESV) were recently published by: Seekingalpha.com, which released: “Ensco Plc (ESV) Q3 2016 Results – Earnings Call Transcript” on October 28, 2016. Businesswire.com‘s article titled: “Ensco plc Reports Third Quarter 2016 Results” and published on October 26, 2016 is yet another important article.
ESV Company Profile
Ensco plc, incorporated on September 18, 2009, is an offshore contract drilling company. The Firm provides offshore contract drilling services to the international gas and oil industry. The Company’s divisions include Floaters, Jackups and Other. The Company’s Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling. The Other segment consists of management services on rigs owned by third parties. The Jackups divisions provide contract drilling. It owns and operates an offshore drilling rig fleet of over 60 rigs, including approximately four rigs under construction, with drilling activities in markets around the globe. The Company’s rig fleet includes approximately 10 drill ships, over 10 semisubmersible rigs, approximately three moored semisubmersible rigs and over 40 jackup rigs. Of its approximately 70 rigs, approximately 30 are located in the Middle East, Africa and Asia Pacific (including over four rigs under construction), over 20 are located in North and South America (including Brazil), and approximately 20 are located in Europe and the Mediterranean.
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