Cipher Capital LP Acquires New Stake in Ensco Plc (ESV)

Andrew Cummings
May 28, 2017

Insider Trades for Ensco plc show that the latest trade was made on 1 May 2017 where Lowe (Patrick Carey), the Chief Operating Officer completed a transaction type "Sell" in which 8220 shares were traded at a price of $7.37. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Credit Suisse Group AG set a $15.00 price target on Ensco Plc and gave the company a "buy" rating in a research note on Tuesday, February 28th. Evercore ISI lifted their price objective on shares of Ensco Plc from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, March 3rd.

An issue of Ensco Plc (NYSE:ESV) bonds rose 1.6% as a percentage of their face value during trading on Tuesday. They set a "hold" rating for the company.

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Cipher Capital LP acquired a new stake in Ensco Plc (NYSE:ESV) during the first quarter, according to its most recent disclosure with the SEC.


Vertex One Asset Management Inc decreased Jpmorgan Chase & Co stake by 114,000 shares to 486,379 valued at $21.53M in 2016Q4. Finally, HRT Financial LLC bought a new position in shares of Ensco Plc during the first quarter worth approximately $126,000. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Gotham Asset Management LLC increased its position in shares of Ensco Plc by 229.4% in the third quarter. Creative Planning now owns 13,135 shares of the offshore drilling services provider's stock valued at $118,000 after buying an additional 601 shares during the period. Hartford Investment Management Co. increased its position in shares of Ensco Plc by 122.7% in the third quarter. Tyers Asset Management LLC now owns 13,748 shares of the offshore drilling services provider's stock worth $123,000 after buying an additional 364 shares during the period. The institutional investor owned 1,634,623 shares of the offshore drilling services provider's stock after buying an additional 631,877 shares during the period.

Ensco plc (NYSE:ESV) last session's volume of 5.16 million shares was lower than its average volume of 9.78 million shares. Alyeska Investment Group L.P. now owns 5,817,738 shares of the offshore drilling services provider's stock worth $56,548,000 after buying an additional 4,828,991 shares during the period. The company has a market cap of $2.03 billion, a P/E ratio of 2.94 and a beta of 1.74. The stock has a 50-day moving average price of $7.99 and a 200 day moving average price of $9.35.

ESV has a 1-year high price of $ 12.04 and 1-year low price of $6.49.

Ensco Plc (NYSE:ESV) last released its earnings results on Thursday, April 27th. The General American Investors Company Inc holds 440,000 shares with $4.28M value, down from 660,000 last quarter.


The High Revenue estimate is predicted as 490.7 Million, while the Low Revenue Estimate prediction stands at 442 Million. Return on Equity (ROE) stands at 8.4% and Return on Investment (ROI) of 6.1 percent. Now the P/E of Ensco plc (ESV) stands at 2.92.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Monday, June 5th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.04 annualized dividend and a yield of 0.60%.

Analysts are also projecting an Average Revenue Estimate for Ensco plc as $22000 in the Current Quarter.

High growth rates in EPS are more reliable in the case of "matured companies" which has experienced a complete economic cycle of expansion and contraction, through a bear market phase and a bull run.


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