Is there a Bearish outlook for Ensco plc (NYSE:ESV) this week?

October 11, 2018 - By whatsonthorold

Ensco plc (NYSE:ESV) LogoInvestors sentiment decreased to 0.85 in 2018 Q2. Its down 0.18, from 1.03 in 2018Q1. It dropped, as 34 investors sold Ensco plc shares while 92 reduced holdings. 42 funds opened positions while 65 raised stakes. 384.01 million shares or 3.73% less from 398.89 million shares in 2018Q1 were reported.
Jefferies Group Ltd Llc accumulated 394,646 shares. Tradewinds Cap Management Ltd Liability reported 21,300 shares or 0.06% of all its holdings. United Kingdom-based Legal General Grp Plc has invested 0.01% in Ensco plc (NYSE:ESV). General American Invsts reported 1.01% in Ensco plc (NYSE:ESV). Regions Financial invested in 2,085 shares or 0% of the stock. Hgk Asset Management reported 0.48% stake. Shufro Rose & Llc holds 26,500 shares or 0.02% of its portfolio. Price T Rowe Assoc Md has invested 0% in Ensco plc (NYSE:ESV). 2.49M were reported by Susquehanna Grp Inc Llp. First Mercantile Trust invested in 0.01% or 5,800 shares. Jpmorgan Chase & invested in 0% or 1.99M shares. Nuveen Asset Mgmt Ltd Com, Illinois-based fund reported 17,021 shares. Neuberger Berman Group Inc Limited Liability holds 0% of its portfolio in Ensco plc (NYSE:ESV) for 14,791 shares. Profund Ltd has 0.03% invested in Ensco plc (NYSE:ESV). Private Advisor Ltd Liability accumulated 0% or 10,301 shares.

Ensco plc (NYSE:ESV) Ratings Coverage

Among 7 analysts covering Ensco (NYSE:ESV), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Ensco had 7 analyst reports since April 13, 2018 according to SRatingsIntel. Susquehanna maintained the shares of ESV in report on Friday, April 13 with “Hold” rating. The rating was downgraded by HSBC to “Hold” on Thursday, June 7. As per Friday, April 13, the company rating was upgraded by Credit Suisse. The firm has “Outperform” rating given on Tuesday, October 9 by Wells Fargo. Barclays Capital maintained Ensco plc (NYSE:ESV) on Thursday, August 9 with “Underweight” rating. On Thursday, June 21 the stock rating was maintained by Citigroup with “Neutral”. Below is a list of Ensco plc (NYSE:ESV) latest ratings and price target changes.

09/10/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
18/09/2018 Broker: BTIG Research Rating: Buy New Target: $10 Initiates Coverage On
09/08/2018 Broker: Barclays Capital Old Rating: Underweight New Rating: Underweight Old Target: $4 New Target: $5 Maintain
21/06/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $5.25 New Target: $6.4 Maintain
07/06/2018 Broker: HSBC Old Rating: Buy New Rating: Hold Downgrade
13/04/2018 Broker: Susquehanna Rating: Hold New Target: $5.5000 Maintain
13/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Upgrade

The stock increased 1.04% or $0.09 during the last trading session, reaching $8.71. About 4.86M shares traded. Ensco plc (NYSE:ESV) has risen 49.26% since October 11, 2017 and is uptrending. It has outperformed by 33.64% the S&P500.

Ensco plc provides offshore contract drilling services to the gas and oil industry worldwide. The company has market cap of $3.81 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.

More recent Ensco plc (NYSE:ESV) news were published by: Seekingalpha.com which released: “Ensco Merges With Rowan: First Impression” on October 08, 2018. Also Fool.com published the news titled: “Why Seadrill Ltd. Stock Rocketed More Than 27% in September” on October 08, 2018. Seekingalpha.com‘s news article titled: “Ensco: Consolidation Reduces Risk” with publication date: October 09, 2018 was also an interesting one.

Ensco plc (NYSE:ESV) Ratings Chart

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