Ensco Plc (ESV) Market Valuation Declined While Empyrean Capital Partners LP Has Cut Its Position

March 14, 2018 - By Marguerite Chambers

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.02, from 1.01 in 2017Q2. It turned negative, as 48 investors sold ESV shares while 86 reduced holdings. 48 funds opened positions while 84 raised stakes. 328.54 million shares or 9.34% more from 300.48 million shares in 2017Q2 were reported. Oregon Pub Employees Retirement Fund, a Oregon-based fund reported 111,923 shares. Whitebox Limited Company owns 0.73% invested in Ensco plc (NYSE:ESV) for 4.20 million shares. Deutsche Bankshares Ag invested in 0% or 1.01M shares. Sentinel Lba has invested 0.18% of its portfolio in Ensco plc (NYSE:ESV). Saba Mngmt LP reported 0.12% in Ensco plc (NYSE:ESV). Harvest Mngmt Ltd has 20,000 shares. Texan accumulated 0.05% or 13,345 shares. Sei Invs reported 9,420 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement has invested 0% in Ensco plc (NYSE:ESV). Texas Permanent School Fund owns 221,842 shares for 0.02% of their portfolio. Montgomery Inv Mgmt holds 0.14% of its portfolio in Ensco plc (NYSE:ESV) for 54,197 shares. Los Angeles Mgmt Equity invested 0.02% in Ensco plc (NYSE:ESV). Aqr Cap Mngmt Limited Liability Corp holds 0% or 86,520 shares in its portfolio. Mitsubishi Ufj Trust Banking Corp reported 16,996 shares or 0% of all its holdings. Envestnet Asset Inc owns 1,889 shares.

Michael A. Price decreased its stake in Ensco Plc (ESV) by 45% based on its latest 2017Q3 regulatory filing with the SEC. Empyrean Capital Partners Lp sold 1.44 million shares as the company’s stock declined 27.69% while stock markets rallied. The hedge fund run by Michael A. Price held 1.76M shares of the oil & gas production company at the end of 2017Q3, valued at $10.51 million, down from 3.20M at the end of the previous reported quarter. Empyrean Capital Partners Lp who had been investing in Ensco Plc for a number of months, seems to be less bullish one the $2.08B market cap company. The stock decreased 0.62% or $0.03 during the last trading session, reaching $4.78. About 6.61 million shares traded. Ensco plc (NYSE:ESV) has declined 23.23% since March 14, 2017 and is downtrending. It has underperformed by 39.93% the S&P500.

Empyrean Capital Partners Lp, which manages about $4.52 billion and $2.60B US Long portfolio, upped its stake in Seritage Growth Pptys by 322,675 shares to 1.80M shares, valued at $83.09 million in 2017Q3, according to the filing. It also increased its holding in Enova Intl Inc by 409,030 shares in the quarter, for a total of 2.19M shares, and has risen its stake in Time Warner Inc (NYSE:TWX).

Analysts await Ensco plc (NYSE:ESV) to report earnings on April, 25. They expect $-0.24 EPS, down 500.00 % or $0.20 from last year’s $-0.04 per share. After $-0.23 actual EPS reported by Ensco plc for the previous quarter, Wall Street now forecasts 4.35 % negative EPS growth.

More notable recent Ensco plc (NYSE:ESV) news were published by: Seekingalpha.com which released: “Is Ensco Heading To New Lows?” on March 01, 2018, also Seekingalpha.com with their article: “Ensco: Cut It A Little Slack” published on March 05, 2018, Seekingalpha.com published: “Ensco’s 2024 Bonds Offer 8% Yield To Maturity” on March 08, 2018. More interesting news about Ensco plc (NYSE:ESV) were released by: Seekingalpha.com and their article: “Ensco: Interest Perks Up” published on February 28, 2018 as well as Seekingalpha.com‘s news article titled: “Why Is Ensco So Volatile?” with publication date: March 05, 2018.

Ensco plc (NYSE:ESV) Ratings Coverage

Among 35 analysts covering Ensco Plc (NYSE:ESV), 11 have Buy rating, 5 Sell and 19 Hold. Therefore 31% are positive. Ensco Plc had 84 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Thursday, January 11 by PiperJaffray. The stock of Ensco plc (NYSE:ESV) earned “Negative” rating by Susquehanna on Monday, March 28. The firm has “Neutral” rating given on Thursday, August 25 by Citigroup. The stock has “Outperform” rating by Howard Weil on Wednesday, September 14. The firm earned “Buy” rating on Tuesday, October 20 by Citigroup. The firm earned “Overweight” rating on Monday, June 19 by PiperJaffray. The rating was upgraded by Piper Jaffray to “Overweight” on Monday, June 19. Morgan Stanley upgraded Ensco plc (NYSE:ESV) on Friday, April 15 to “Equal-Weight” rating. The company was upgraded on Wednesday, January 11 by Citigroup. The stock has “Underperform” rating by Bank of America on Monday, June 13.

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