Ensco Rowan plc (NYSE:ESV) is on recovery track with 18.2% gain from a 1-year low price of $6.54. The company lost -0.77% to attain the price of $7.73 on 6/24/2019. Throughout the recent session, the prices were hovering between $7.68 and $7.93. These shares are 208.54% off its target price of $23.85 and the current market capitalization stands at $1.54B. The recent change has given its price a -30.75% deficit over SMA 50 and -79.68% deficit over its 52-week high. The stock witnessed -12.66% declines, -52.75% declines and -41.62% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ESV’s volatility during a week at 7.44% and during a month it has been found around 7.34%.
What Does Ensco Rowan plc (ESV) Do?
The company describes itself in regulatory filings as, “Ensco Rowan Plc engages in the provision of offshore contract drilling services to the international oil and gas industry. It operates its business through the following segments: Floaters, Jackups, and Others. The Floaters segment includes drill ships and semisubmersible rigs. The Jackups segment offers contract drilling service. The Others segment consists of management services on rigs owned by third-parties. The company was founded on July 3, 1905 and is headquartered in London, the United Kingdom.” [Text can be found here: https://www.marketwatch.com/investing/stock/ESV/profile under company description.]Ensco Rowan plc (ESV) Top Holders
Institutional investors currently hold around $3.64 billion or 53.9% in ESV stock. Look at its top three institutional owners: Blackrock Inc. owns $379.4 million in Ensco Rowan plc, which represents roughly 24.64% of the company’s market cap and approximately 10.43% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 43,694,185 shares of the stock are valued at $340.38 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $276.66 million worth of this stock and that ownership represents nearly 17.97% of its market capitalization.
At the end of March reporting period, 160 institutional holders increased their position in Ensco Rowan plc (NYSE:ESV) by some 61,975,675 shares, 196 decreased positions by 56,110,604 and 68 held positions by 348,929,506. That puts total institutional holdings at 467,015,785 shares, according to SEC filings. The stock grabbed 38 new institutional investments totaling 2,015,686 shares while 85 institutional investors sold out their entire positions totaling 20,886,056 shares.Ensco Rowan plc (NYSE:ESV) Insider Trades
Multiple company employees have indulged in significant insider trading. Ensco Rowan plc disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Sr. VP – Eastern Hemisphere Brady Steven Joseph has sold 4,500 shares of Ensco Rowan plc (ESV) in the trading session dated Nov. 14, 2018. These shares are worth $27,990 and were traded at $6.22 each. The SEC filing shows that Edwards Robert W III performed a sale of 1,500 shares. The Vice President – Finance disposed these shares by way of transaction on Dec. 23, 2015. The company’s shares were given away at $16.22 per share worth to an income of some $24,330 to the account of Edwards Robert W III.
Executive Vice President & CFO, SWENT JAMES W III, sold 59,189 common shares of Ensco Rowan plc (ESV) in the open market. In a transaction dated Nov. 02, 2015, the shares were put up for sale at an average price of $17.81, raking in a sum of $1,054,156. After this sale, 15,932 common shares of ESV are directly owned by the insider, with total stake valued at $123,154.
In the transaction dated Jun. 23, 2015, a great number of shares sold came courtesy the Executive Vice President & CFO; SWENT JAMES W III disposed a total of 50,000 shares at an average price of $22.73, amounting to approximately $1,136,500. The insider now directly owns 75,607 shares worth $584,442.Ensco Rowan plc (ESV) Analyst Guide
Several analysts have released their opinion on Ensco Rowan plc (NYSE:ESV), with 6 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 12 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.21 average brokerage recommendation [T1].