Ensco (NYSE:ESV) Is a Company that DNB Markets Seems to Dislike as Downgrade in Given

September 8, 2018 - By Mary Kidd

Ensco plc (NYSE:ESV) Logo

Investors sentiment decreased to 1.03 in Q1 2018. Its down 0.45, from 1.48 in 2017Q4. It fall, 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.

Johnson Fincl Gp reported 0% in Ensco plc (NYSE:ESV). Regions Finance holds 0% or 2,000 shares in its portfolio. 1.01M are owned by Tiaa Cref Mngmt. Majedie Asset Mngmt Ltd owns 15.87M shares. Cambridge Inv Research Advisors Inc owns 17,983 shares. California-based Huber Cap Mngmt Ltd Liability has invested 0.94% in Ensco plc (NYSE:ESV). Alphamark Advsrs Limited Liability holds 10,834 shares. 90,658 were accumulated by Teachers Retirement Of The State Of Kentucky. Isle Of Man-based Oceanic Invest Mngmt Ltd has invested 1.26% in Ensco plc (NYSE:ESV). The New York-based Jpmorgan Chase Communication has invested 0% in Ensco plc (NYSE:ESV). Moreover, Parsec Financial Management has 0.08% invested in Ensco plc (NYSE:ESV) for 265,409 shares. Cap Ca holds 0.29% or 462,700 shares in its portfolio. Davidson Kempner Management L P reported 773,100 shares. Greenlight Capital has invested 2.2% in Ensco plc (NYSE:ESV). Pub Employees Retirement Association Of Colorado holds 0% or 71,741 shares in its portfolio.

Ensco (NYSE:ESV) Receives a Downgrade

DNB Markets has lowered the rating for shares of Ensco (NYSE:ESV) to a solid “Sell” in a research note sent to clients and investors on Friday, 7 September. ESV’s previous rating by the firm was a “Hold”.

Ensco plc (NYSE:ESV) Ratings Coverage

Among 6 analysts covering Ensco Plc (NYSE:ESV), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. Ensco Plc has $6.4 highest and $5 lowest target. $5.48’s average target is -15.17% below currents $6.46 stock price. Ensco Plc had 6 analyst reports since March 15, 2018 according to SRatingsIntel. The company was maintained on Friday, April 13 by Susquehanna. Citigroup maintained Ensco plc (NYSE:ESV) on Thursday, June 21 with “Neutral” rating. The firm earned “Hold” rating on Thursday, June 7 by HSBC. The firm earned “Hold” rating on Thursday, March 15 by Cowen & Co. The company was maintained on Thursday, August 9 by Barclays Capital. The firm earned “Outperform” rating on Friday, April 13 by Credit Suisse.

The stock increased 0.78% or $0.05 during the last trading session, reaching $6.46. About 7.92 million shares traded. Ensco plc (NYSE: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.

Ensco plc (NYSE:ESV) Ratings Chart

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