Ensco (NYSE:ESV) provides offshore contract drilling services to the oil and gas industry worldwide.
Insider selling during the last 30 days
Here is a table of Ensco's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Mary Francis||Director||June 11||757||No||2,756 shares||21.5%|
|Steven Brady||SVP||June 6||4,869||No||53,609
|John Knowlton||SVP||June 3||7,500||No||37,741 shares||16.6%|
|Daniel Rabun||Chairman||May 22-30||100,000||No||202,129
shares + 243,074
There have been 113,126 shares sold by insiders during the last 30 days.
Insider selling by calendar month
Here is a table of Ensco's insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 505,809 shares sold and there have been 1,000 shares purchased by insiders since January 2013.
Ensco reported the first-quarter financial results on April 28 with the following highlights:
|Net income||$292.5 million|
The four insiders sold their shares after these results.
Ensco expects to deliver eight newbuild rigs through 2016.
(Source: Investor presentation)
|Qtrly Rev Growth (yoy):||0.03||-0.02||0.07|
|PEG (5 yr expected):||0.69||1.30||0.75|
Ensco has the highest P/S ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Ensco has seen intensive insider selling during the last 30 days.
There have been four different insiders selling Ensco, and there have not been any insiders buying Ensco during the last 30 days. Three of these four insiders decreased their holdings by more than 10%. Ensco has an insider ownership of 0.49%.
There are seven analyst buy ratings, 22 neutral ratings, and seven sell ratings with an average price target of $52.48. Before going short Ensco, I would like to get a bearish confirmation from the Point & Figure chart. The three main reasons for the proposed short entry are a relatively high P/S ratio, bearish analyst price targets, and the intensive insider-selling activity.
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