Ensco PLC (ESV) Short Interest Update
Ensco PLC (NYSE:ESV) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 22,217,468 shares, an increase of 18.6% from the August 15th total of 18,737,574 shares. Based on an average daily trading volume, of 6,644,343 shares, the short-interest ratio is presently 3.3 days. Currently, 7.4% of the shares of the stock are short sold.
Hedge funds have recently bought and sold shares of the stock. Sigma Planning Corp acquired a new position in shares of Ensco PLC during the second quarter worth approximately $101,000. Shoker Investment Counsel Inc. boosted its position in shares of Ensco PLC by 1.1% in the second quarter. Shoker Investment Counsel Inc. now owns 10,496 shares of the offshore drilling services provider’s stock worth $101,000 after buying an additional 111 shares during the last quarter. Wealthsource Partners LLC acquired a new position in shares of Ensco PLC during the second quarter worth approximately $111,000. Eqis Capital Management Inc. acquired a new position in shares of Ensco PLC during the second quarter worth approximately $122,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of Ensco PLC during the second quarter worth approximately $129,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.
Several equities research analysts recently issued reports on the company. Nomura set a $6.00 price target on Ensco PLC and gave the company a “sell” rating in a research note on Tuesday, August 16th. Scotia Howard Weill assumed coverage on Ensco PLC in a research note on Wednesday. They issued an “outperform” rating and a $10.00 price target for the company. Bank of America Corp. assumed coverage on Ensco PLC in a research note on Monday, June 13th. They issued an “underperform” rating and a $9.00 price target for the company. Johnson Rice upgraded Ensco PLC from a “hold” rating to an “accumulate” rating in a research note on Monday, June 13th. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $10.00 price target on shares of Ensco PLC in a research note on Friday, July 29th. Eight investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.92.
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Ensco PLC (NYSE:ESV) opened at 6.87 on Friday. The company’s market cap is $2.07 billion. The stock’s 50 day moving average is $8.26 and its 200-day moving average is $9.86. Ensco PLC has a 52-week low of $6.67 and a 52-week high of $18.93.
Ensco PLC (NYSE:ESV) last posted its quarterly earnings data on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $1.51. The firm had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. Ensco PLC had a negative net margin of 39.67% and a positive return on equity of 10.06%. The business’s quarterly revenue was down 14.1% on a year-over-year basis. During the same quarter last year, the company posted $1.11 EPS. Equities research analysts predict that Ensco PLC will post $1.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, September 2nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Wednesday, August 31st. Ensco PLC’s dividend payout ratio (DPR) is currently -0.60%.
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. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.
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