DNB Markets Issues a Downgrade for Ensco (ESV) from a Hold to Sell Rating

September 8, 2018 - By Vernon Prom

Ensco plc (NYSE:ESV) Logo

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.45, from 1.48 in 2017Q4. It dropped, as 30 investors sold Ensco plc shares while 87 reduced holdings. 34 funds opened positions while 87 raised stakes. 398.89 million shares or 3.74% more from 384.52 million shares in 2017Q4 were reported.

Wasatch Advsr Incorporated holds 0.03% or 453,918 shares. Axa accumulated 0% or 44,800 shares. Conning owns 16,270 shares for 0% of their portfolio. Sei Invests owns 0% invested in Ensco plc (NYSE:ESV) for 5,432 shares. Walleye Trading Ltd Limited Liability Company owns 241,490 shares. State Of New Jersey Common Pension Fund D invested in 0% or 265,000 shares. Creative Planning has invested 0% of its portfolio in Ensco plc (NYSE:ESV). Alphamark Advsrs Ltd Liability Corp reported 0.02% of its portfolio in Ensco plc (NYSE:ESV). Massmutual Fsb Adv has 111 shares for 0% of their portfolio. New Generation Advsr Limited Liability Corporation stated it has 2.04% of its portfolio in Ensco plc (NYSE:ESV). Tru Of Vermont has 0% invested in Ensco plc (NYSE:ESV). Amp Investors Ltd holds 56,700 shares. 1.53 million are owned by General American Inc. Holt Capital Advsr Ltd Dba Holt Capital Ptnrs L P owns 0.02% invested in Ensco plc (NYSE:ESV) for 16,300 shares. Tower Capital Ltd Liability Corp (Trc), a New York-based fund reported 29,294 shares.

Ensco (ESV) Receives a Downgrade

In analysts report issued to investors and clients on 7 September, DNB Markets has decided to cut rating on Ensco (ESV) shares to a Sell. ESV’s prior rating was a Hold.

The stock increased 0.78% or $0.05 during the last trading session, reaching $6.46. About 7.92M shares traded. Ensco plc (ESV) has declined 6.04% since September 8, 2017 and is downtrending. It has underperformed by 18.61% the S&P500.

Analysts await Ensco plc (NYSE:ESV) to report earnings on October, 24. They expect $-0.35 earnings per share, down 600.00 % or $0.30 from last year’s $-0.05 per share. After $-0.30 actual earnings per share reported by Ensco plc for the previous quarter, Wall Street now forecasts 16.67 % negative EPS growth.

Ensco plc provides offshore contract drilling services to the gas and oil industry worldwide. The company has market cap of $2.82 billion. It operates through three divisions: Floaters, Jackups, and Other. It currently has negative earnings. The firm owns and operates an offshore drilling rig fleet of 68 rigs, including 30 located in the Middle East, Africa, and the Asia Pacific, which comprise 4 rigs under construction; 21 situated in North and South America, including Brazil; and 17 located in Europe and the Mediterranean.

Another recent and important Ensco plc (NYSE:ESV) news was published by Seekingalpha.com which published an article titled: “SEC Ends Investigation On Ensco DS-5 Contract” on September 04, 2018.

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