Sippican Capital Advisors raised its holdings in Ensco Plc (NYSE:ESV) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,941 shares of the offshore drilling services provider’s stock after purchasing an additional 20,284 shares during the period. Sippican Capital Advisors owned 0.07% of Ensco Plc worth $1,206,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ESV. Neuberger Berman Group LLC lifted its holdings in shares of Ensco Plc by 2.3% in the first quarter. Neuberger Berman Group LLC now owns 19,304 shares of the offshore drilling services provider’s stock valued at $173,000 after purchasing an additional 436 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Ensco Plc by 21.0% in the first quarter. OppenheimerFunds Inc. now owns 73,034 shares of the offshore drilling services provider’s stock valued at $654,000 after purchasing an additional 12,653 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ensco Plc by 2.5% in the first quarter. Principal Financial Group Inc. now owns 1,238,636 shares of the offshore drilling services provider’s stock valued at $11,086,000 after purchasing an additional 30,671 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Ensco Plc by 7.2% in the first quarter. Teachers Advisors LLC now owns 397,736 shares of the offshore drilling services provider’s stock valued at $3,560,000 after purchasing an additional 26,758 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Ensco Plc by 2.5% in the first quarter. PNC Financial Services Group Inc. now owns 63,932 shares of the offshore drilling services provider’s stock valued at $573,000 after purchasing an additional 1,563 shares in the last quarter. 91.56% of the stock is currently owned by institutional investors.

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Ensco Plc (NYSE ESV) traded up 1.67% during midday trading on Wednesday, hitting $5.48. 10,192,397 shares of the stock traded hands. The company has a 50-day moving average price of $5.43 and a 200-day moving average price of $5.79. The firm has a market cap of $1.67 billion, a P/E ratio of 34.25 and a beta of 1.75. Ensco Plc has a 1-year low of $4.10 and a 1-year high of $12.04.

Ensco Plc (NYSE:ESV) last posted its quarterly earnings results on Thursday, October 26th. The offshore drilling services provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.11. The business had revenue of $460.00 million during the quarter, compared to analysts’ expectations of $457.79 million. Ensco Plc had a negative net margin of 3.04% and a negative return on equity of 0.37%. The firm’s quarterly revenue was down 16.1% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. Analysts predict that Ensco Plc will post ($0.42) EPS for the current year.

Several brokerages have issued reports on ESV. Jefferies Group LLC set a $6.00 price target on shares of Ensco Plc and gave the company a “hold” rating in a report on Sunday. FBR & Co reduced their price target on shares of Ensco Plc from $9.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, October 27th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $6.10 price target on shares of Ensco Plc in a report on Sunday, October 22nd. ValuEngine downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research downgraded shares of Ensco Plc from a “hold” rating to a “sell” rating in a report on Monday. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Ensco Plc currently has a consensus rating of “Hold” and an average price target of $8.47.

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. Its segments include Floaters, Jackups and Other. The Floaters segment includes its drillships and semisubmersible rigs, and provides contract drilling.

Institutional Ownership by Quarter for Ensco Plc (NYSE:ESV)

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