Lindbrook Capital LLC Sells 195,721 Shares of Ensco Rowan PLC (NYSE:ESV)

Lindbrook Capital LLC trimmed its position in shares of Ensco Rowan PLC (NYSE:ESV) by 74.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,779 shares of the offshore drilling services provider’s stock after selling 195,721 shares during the period. Lindbrook Capital LLC’s holdings in Ensco Rowan were worth $561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ESV. Nisa Investment Advisors LLC bought a new stake in shares of Ensco Rowan in the 1st quarter valued at approximately $28,000. Searle & CO. bought a new stake in shares of Ensco Rowan in the 2nd quarter valued at approximately $85,000. First Allied Advisory Services Inc. bought a new stake in shares of Ensco Rowan in the 4th quarter valued at approximately $49,000. Clear Harbor Asset Management LLC bought a new stake in shares of Ensco Rowan in the 1st quarter valued at approximately $69,000. Finally, Pearl River Capital LLC bought a new stake in shares of Ensco Rowan in the 1st quarter valued at approximately $70,000.

NYSE:ESV opened at $5.02 on Friday. The stock’s fifty day moving average price is $8.03. Ensco Rowan PLC has a 52-week low of $6.54 and a 52-week high of $38.04. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market cap of $991.65 million, a P/E ratio of -0.94 and a beta of 2.22.

Ensco Rowan (NYSE:ESV) last posted its quarterly earnings data on Wednesday, May 1st. The offshore drilling services provider reported ($1.69) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.79) by $0.10. Ensco Rowan had a negative return on equity of 7.65% and a negative net margin of 40.72%. The firm had revenue of $405.90 million for the quarter, compared to the consensus estimate of $405.12 million. During the same quarter in the prior year, the business earned ($0.32) EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts forecast that Ensco Rowan PLC will post -4.97 EPS for the current fiscal year.

Several research firms have recently weighed in on ESV. Barclays reiterated a “sell” rating and issued a $13.00 price objective on shares of Ensco Rowan in a research note on Sunday, May 5th. BTIG Research lowered their price objective on Ensco Rowan from $70.00 to $15.00 in a research note on Thursday, May 30th. Royal Bank of Canada began coverage on Ensco Rowan in a research note on Friday, May 17th. They issued an “outperform” rating and a $15.00 price objective on the stock. Piper Jaffray Companies set a $16.00 price objective on Ensco Rowan and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Finally, Citigroup set a $13.00 price objective on Ensco Rowan and gave the company a “hold” rating in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Ensco Rowan currently has a consensus rating of “Hold” and a consensus price target of $10.05.

Ensco Rowan Company Profile

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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