ENSCO plc (NYSE:ESV) has tumbled 2.18% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.38% in the last four weeks. The stocks have underperformed the S&P 500 by 1.01% during the past week but ENSCO plc (NYSE:ESV) it has outperformed the index in 4 weeks by 0.45%.
ENSCO plc (NYSE:ESV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.99 and $9.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.30, notching a gain of 3.62% for the day. The total traded volume was 16,782,004 . The stock had closed at $9.94 on the previous day.
The company shares have dropped -54.34% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $23.17 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $10.35 and the 200 Day Moving Average price is recorded at $11.14.
On the companys insider trading activities, Edwards Robert W Iii, officer (Vice President – Finance) of Ensco Plc, unloaded 1,500 shares at an average price of $16.22 on December 23, 2015. The total amount of the transaction was worth $24,330, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Bank of America initiates coverage on ENSCO plc (NYSE:ESV) The brokerage firm has issued a Underperform rating on the shares. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 0.5% of ENSCO plc shares according to the proxy statements. Institutional Investors own 71.01% of ENSCO plc shares.
Ensco plc (Ensco) is a global offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company operates in three segments: Floaters, which includes its drill ships and semisubmersible rigs; Jackups and Other, which consists of management services on rigs owned by third-parties. Its Floaters and Jackups segments provide contract drilling. It owns and operates an offshore drilling rig fleet of around 70 rigs, including seven rigs under construction, with drilling operations in markets around the globe. Its rig fleet includes around 10 drill ships, 13 semisubmersible rigs, five moored semisubmersible rigs and 42 jackup rigs. Of its 70 rigs, around 17 are located in North and South America, 17 are located in the Middle East and Africa, 17 are located in the Asia Pacific rim (including five rigs under construction), 15 are located in Europe and the Mediterranean and fits are located in Brazil.