Ensco Plc Class A Ordinary Shares (NYSE:ESV) Could Burn Your Long Portfolio After More Shorts

Ensco Rowan plc (NYSE:ESV) Logo

Investors sentiment decreased to 0.87 in Q4 2018. Its down 0.24, from 1.11 in 2018Q3. It worsened, as 41 investors sold Ensco Rowan plc shares while 86 reduced holdings. 36 funds opened positions while 75 raised stakes. 392.73 million shares or 0.33% more from 391.43 million shares in 2018Q3 were reported.
Ameritas Prns Inc holds 0.03% of its portfolio in Ensco Rowan plc (NYSE:ESV) for 129,334 shares. Murphy Capital Management owns 0.01% invested in Ensco Rowan plc (NYSE:ESV) for 14,250 shares. Federated Investors Pa holds 160,891 shares or 0% of its portfolio. Carroll Associate holds 960 shares. Timber Hill Ltd Liability Com reported 16,200 shares. Commerzbank Aktiengesellschaft Fi reported 0% of its portfolio in Ensco Rowan plc (NYSE:ESV). Bluecrest Capital Mgmt holds 40,066 shares. Swiss Savings Bank invested in 0% or 772,938 shares. Mitsubishi Ufj Corporation reported 26,917 shares. Stuyvesant Cap reported 2.11% of its portfolio in Ensco Rowan plc (NYSE:ESV). Quantitative Investment Mngmt Limited Com holds 431,600 shares or 0.08% of its portfolio. State Of New Jersey Common Pension Fund D has invested 0% of its portfolio in Ensco Rowan plc (NYSE:ESV). Neuberger Berman Gru Lc stated it has 0% in Ensco Rowan plc (NYSE:ESV). Two Sigma Secs Ltd Limited Liability Company accumulated 17,938 shares or 0% of the stock. Dowling Yahnke Ltd Llc stated it has 0.01% of its portfolio in Ensco Rowan plc (NYSE:ESV).

The stock of Ensco Plc Class A Ordinary Shares (NYSE:ESV) registered an increase of 3.14% in short interest. ESV’s total short interest was 84.82M shares in May as published by FINRA. Its up 3.14% from 82.23M shares, reported previously. With 8.70M shares average volume, it will take short sellers 10 days to cover their ESV’s short positions.

The stock decreased 2.78% or $0.31 during the last trading session, reaching $10.86. About 5.34 million shares traded. Ensco Rowan plc (NYSE:ESV) has declined 2.91% since May 17, 2018 and is downtrending. It has underperformed by 7.28% the S&P500.

Ensco plc provides offshore contract drilling services to the gas and oil industry worldwide. The company has market cap of $2.15 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.

Ensco Rowan plc (NYSE:ESV) Ratings Coverage

Among 7 analysts covering Ensco (NYSE:ESV), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Ensco had 13 analyst reports since December 20, 2018 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Sell” on Wednesday, February 20. Piper Jaffray maintained Ensco Rowan plc (NYSE:ESV) on Wednesday, March 6 with “Hold” rating. The rating was maintained by Societe Generale on Tuesday, March 26 with “Hold”. Credit Suisse maintained Ensco Rowan plc (NYSE:ESV) on Monday, March 4 with “Buy” rating. The stock has “Hold” rating by J.P. Morgan on Monday, March 11. The firm has “Hold” rating given on Thursday, December 20 by Societe Generale. On Tuesday, March 5 the stock rating was maintained by FBR Capital with “Neutral”.

More notable recent Ensco Rowan plc (NYSE:ESV) news were published by: Seekingalpha.com which released: “Ensco slips as revenues hurt by lower utilization, dayrates – Seeking Alpha” on February 28, 2019, also Seekingalpha.com with their article: “EnscoRowan: Potential First Steps Of The Combined Company – Seeking Alpha” published on May 03, 2019, Seekingalpha.com published: “Can Ensco Win The Waiting Game? – Seeking Alpha” on February 25, 2019. More interesting news about Ensco Rowan plc (NYSE:ESV) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2019 – Benzinga” published on May 17, 2019 as well as Seekingalpha.com‘s news article titled: “Ensco Q1 2019 Earnings Preview – Seeking Alpha” with publication date: April 30, 2019.

Ensco Rowan plc (NYSE:ESV) Ratings Chart

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