GYL Financial Synergies LLC Purchases New Shares in Ensco Rowan PLC (NYSE:ESV)

GYL Financial Synergies LLC bought a new position in shares of Ensco Rowan PLC (NYSE:ESV) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,120 shares of the offshore drilling services provider’s stock, valued at approximately $99,000.

Several other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC bought a new position in shares of Ensco Rowan during the 1st quarter valued at approximately $28,000. Piedmont Investment Advisors Inc. purchased a new stake in shares of Ensco Rowan during the 4th quarter valued at approximately $41,000. First Allied Advisory Services Inc. purchased a new stake in shares of Ensco Rowan during the 4th quarter valued at approximately $49,000. Timber Hill LLC lifted its stake in shares of Ensco Rowan by 28.6% during the 4th quarter. Timber Hill LLC now owns 16,200 shares of the offshore drilling services provider’s stock valued at $58,000 after buying an additional 3,600 shares in the last quarter. Finally, Magnus Financial Group LLC purchased a new stake in shares of Ensco Rowan during the 4th quarter valued at approximately $64,000.

Several analysts have issued reports on the stock. BTIG Research lowered their target price on shares of Ensco Rowan from $70.00 to $15.00 in a research note on Thursday, May 30th. Barclays reissued a “buy” rating on shares of NXP Semiconductors in a report on Sunday, May 5th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Citigroup set a $8.00 price target on shares of Diamond Offshore Drilling and gave the stock a “sell” rating in a report on Friday, May 17th. Finally, Royal Bank of Canada reduced their target price on shares of Just Energy Group from C$5.50 to C$5.00 and set a “sector perform” rating on the stock in a report on Friday, May 17th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Ensco Rowan presently has a consensus rating of “Hold” and an average target price of $10.05.

Shares of NYSE:ESV traded down $0.15 on Friday, hitting $8.89. The company had a trading volume of 4,750,198 shares, compared to its average volume of 6,662,002. The stock’s 50-day moving average is $8.23. Ensco Rowan PLC has a 1 year low of $6.54 and a 1 year high of $38.04. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -1.66 and a beta of 2.22.

Ensco Rowan (NYSE:ESV) last posted its earnings results on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.79) by $0.10. Ensco Rowan had a negative net margin of 40.72% and a negative return on equity of 7.65%. The firm had revenue of $405.90 million during the quarter, compared to analysts’ expectations of $405.12 million. During the same period last year, the company posted ($0.32) EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, research analysts forecast that Ensco Rowan PLC will post -5.01 EPS for the current fiscal year.

About Ensco Rowan

Ensco Rowan plc provides offshore drilling services in various water depths worldwide. It operates a rig fleet of ultra-deepwater drillships, versatile semisubmersibles, and modern shallow-water jackups. The company's offshore fleet include 16 drillships, 12 semisubmersibles, 54 jackups, and 2 deepwater managed units.

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Institutional Ownership by Quarter for Ensco Rowan (NYSE:ESV)

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