Todays Report: The Kanawha Capital Management LLC decides to keep it stake in Ensco PLC (ESV) to the level of $394,000

The Kanawha Capital Management LLC decides to keep it stake in Ensco PLC (ESV) to the level of $394,000

Kanawha Capital Management LLC decreased its stake in shares of Ensco PLC (NYSE:ESV) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,581 shares of the offshore drilling services provider’s stock after selling 284 shares during the period. Kanawha Capital Management LLC’s holdings in Ensco PLC were worth $394,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Creative Planning boosted its stake in shares of Ensco PLC by 4.0% in the second quarter. Creative Planning now owns 14,783 shares of the offshore drilling services provider’s stock valued at $144,000 after buying an additional 572 shares in the last quarter. CWM LLC boosted its stake in shares of Ensco PLC by 1.6% in the second quarter. CWM LLC now owns 72,520 shares of the offshore drilling services provider’s stock valued at $704,000 after buying an additional 1,147 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Ensco PLC by 4.0% in the second quarter. Public Employees Retirement Association of Colorado now owns 56,691 shares of the offshore drilling services provider’s stock valued at $550,000 after buying an additional 2,159 shares in the last quarter. Breton Hill Capital Ltd. boosted its stake in shares of Ensco PLC by 3.8% in the second quarter. Breton Hill Capital Ltd. now owns 87,171 shares of the offshore drilling services provider’s stock valued at $846,000 after buying an additional 3,158 shares in the last quarter. Finally, Fox Run Management L.L.C. boosted its stake in shares of Ensco PLC by 40.3% in the second quarter. Fox Run Management L.L.C. now owns 18,800 shares of the offshore drilling services provider’s stock valued at $183,000 after buying an additional 5,400 shares in the last quarter. 85.87% of the stock is owned by institutional investors.

Ensco PLC (NYSE:ESV) traded down 0.96% during mid-day trading on Friday, hitting $8.27. 4,012,046 shares of the stock traded hands. The stock has a 50-day moving average of $7.68 and a 200 day moving average of $9.40. Ensco PLC has a 1-year low of $6.50 and a 1-year high of $18.93. The firm’s market cap is $2.49 billion.

Ensco PLC (NYSE:ESV) last posted its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share (EPS) for the quarter, beating the 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 firm’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. On average, equities analysts expect that Ensco PLC will post $1.57 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.04 annualized dividend and a yield of 0.48%. Ensco PLC’s dividend payout ratio is presently -0.60%.

Several equities analysts have weighed in on the stock. Jefferies Group reiterated a “hold” rating on shares of Ensco PLC in a report on Sunday, July 10th. Zacks Investment Research upgraded shares of Ensco PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Evercore ISI reiterated a “buy” rating on shares of Ensco PLC in a report on Thursday, September 22nd. Clarkson Capital upgraded shares of Ensco PLC from a “sell” rating to a “neutral” rating in a report on Thursday, September 22nd. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $10.00 target price on shares of Ensco PLC in a report on Friday, July 29th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Ensco PLC currently has an average rating of “Hold” and a consensus target price of $11.98.

Ensco PLC Company Profile

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.

Related posts

Leave a Comment