As Ensco Plc (ESV) Share Value Declined, Empyrean Capital Partners LP Cut Position

March 14, 2018 - By Ellis Scott

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.02, from 1.01 in 2017Q2. It worsened, 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. Loudon Investment Mgmt Ltd Liability reported 15,000 shares. Asset Management Inc has invested 0.01% in Ensco plc (NYSE:ESV). New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.01% in Ensco plc (NYSE:ESV). Invesco Ltd invested in 0.01% or 2.45M shares. 8.13M were reported by Northern Trust Corporation. Qcm Cayman Ltd owns 59,619 shares. M&T National Bank & Trust accumulated 58,480 shares. 194,450 were reported by Prudential Finance Inc. 12.74 million were reported by Dimensional Fund Advsr Limited Partnership. Interest Ca reported 500,100 shares. 476,272 are owned by Virtu Financial. Nomura Asset Communications Ltd invested in 0% or 10,500 shares. Gru One Trading Ltd Partnership holds 0.02% or 279,271 shares in its portfolio. Raymond James Serv stated it has 33,031 shares or 0% of all its holdings. Nuveen Asset reported 0% in Ensco plc (NYSE:ESV).

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 1.44M shares as the company’s stock declined 27.69% while stock markets rallied. The hedge fund run by Michael A. Price held 1.76 million shares of the oil & gas production company at the end of 2017Q3, valued at $10.51M, down from 3.20 million 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 $2.08 billion market cap company. The stock decreased 0.62% or $0.03 during the last trading session, reaching $4.78. About 6.61M 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 $4.52B and $2.60B US Long portfolio, upped its stake in Time Warner Inc (NYSE:TWX) by 347,335 shares to 4.61 million shares, valued at $471.81 million in 2017Q3, according to the filing. It also increased its holding in Nxp Semiconductors N V (NASDAQ:NXPI) by 1.17M shares in the quarter, for a total of 1.40 million shares, and has risen its stake in Dell Technologies Inc.

Analysts await Ensco plc (NYSE:ESV) to report earnings on April, 25. They expect $-0.24 earnings per share, down 500.00 % or $0.20 from last year’s $-0.04 per share. After $-0.23 actual earnings per share 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: which released: “Ensco: Q4 2017 Results Analysis” on March 06, 2018, also with their article: “Ensco Fleet Status Report Brings Plenty Of Contracts” published on February 21, 2018, published: “Is Ensco Heading To New Lows?” on March 01, 2018. More interesting news about Ensco plc (NYSE:ESV) were released by: and their article: “Why Is Ensco So Volatile?” published on March 05, 2018 as well as‘s news article titled: “Ensco: Interest Perks Up” with publication date: February 28, 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 company was upgraded on Monday, September 25 by UBS. The company was initiated on Monday, June 13 by Bank of America. The stock has “Neutral” rating by Citigroup on Thursday, August 25. The stock of Ensco plc (NYSE:ESV) earned “Market Perform” rating by Cowen & Co on Thursday, January 7. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, October 17 report. The stock of Ensco plc (NYSE:ESV) earned “Hold” rating by Susquehanna on Wednesday, February 28. Piper Jaffray maintained Ensco plc (NYSE:ESV) on Thursday, October 19 with “Buy” rating. The stock has “Neutral” rating by Clarksons Platou on Tuesday, October 25. Howard Weil initiated Ensco plc (NYSE:ESV) on Wednesday, September 14 with “Outperform” rating. The firm has “Neutral” rating given on Thursday, September 22 by Clarkson Capital.

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