Frontier Capital Management Co. LLC Buys 1,987,907 Shares of Ensco Plc (ESV)

Frontier Capital Management Co. LLC lifted its stake in Ensco Plc (NYSE:ESV) by 534.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,359,996 shares of the offshore drilling services provider’s stock after buying an additional 1,987,907 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.54% of Ensco worth $19,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its stake in Ensco by 254.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 11,322 shares of the offshore drilling services provider’s stock valued at $629,000 after purchasing an additional 8,128 shares during the period. Arizona State Retirement System raised its stake in Ensco by 2.9% during the 2nd quarter. Arizona State Retirement System now owns 303,474 shares of the offshore drilling services provider’s stock valued at $2,203,000 after purchasing an additional 8,482 shares during the period. Check Capital Management Inc. CA raised its stake in Ensco by 39.5% during the 2nd quarter. Check Capital Management Inc. CA now owns 31,525 shares of the offshore drilling services provider’s stock valued at $229,000 after purchasing an additional 8,930 shares during the period. Alps Advisors Inc. raised its stake in Ensco by 10.3% during the 2nd quarter. Alps Advisors Inc. now owns 118,967 shares of the offshore drilling services provider’s stock valued at $864,000 after purchasing an additional 11,143 shares during the period. Finally, Aperio Group LLC raised its stake in Ensco by 2.3% during the 2nd quarter. Aperio Group LLC now owns 505,341 shares of the offshore drilling services provider’s stock valued at $3,669,000 after purchasing an additional 11,308 shares during the period. 98.02% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:ESV opened at $7.16 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.66 and a current ratio of 2.58. Ensco Plc has a 1 year low of $4.10 and a 1 year high of $9.51. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of -13.77 and a beta of 1.82.

Ensco (NYSE:ESV) last released its quarterly earnings data on Monday, October 29th. The offshore drilling services provider reported ($0.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.02. Ensco had a negative return on equity of 5.98% and a negative net margin of 36.53%. The business had revenue of $431.00 million for the quarter, compared to the consensus estimate of $424.66 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The company’s revenue was down 6.3% compared to the same quarter last year. On average, equities analysts expect that Ensco Plc will post -1.35 earnings per share for the current fiscal year.

ESV has been the topic of several recent analyst reports. ValuEngine downgraded Ensco from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 12th. Tudor Pickering raised Ensco from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. BTIG Research initiated coverage on Ensco in a research note on Monday, September 17th. They set a “buy” rating and a $10.00 target price on the stock. UBS Group set a $12.00 target price on Ensco and gave the company a “buy” rating in a research note on Wednesday, October 10th. Finally, Societe Generale raised Ensco from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Ensco presently has an average rating of “Hold” and a consensus price target of $8.89.

Ensco Company Profile

Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. It operates through three segments: Floaters, Jackups, and Other. The company owns and operates an offshore drilling rig fleet of 65 rigs, including 32 located in the Middle East, Africa, and the Asia Pacific, which comprise 3 rigs under construction; 14 located in North and South America, such as Brazil; and 19 located in Europe and the Mediterranean.

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Institutional Ownership by Quarter for Ensco (NYSE:ESV)

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