Market News

Rnc Capital Management Has Decreased Its International Paper Co (IP) Holding; Ensco plc (ESV) Covered By 11 Bullish Analysts Last Week

Ensco plc (NYSE:ESV) Logo

Among 35 analysts covering Ensco Plc (NYSE:ESV), 11 have Buy rating, 5 Sell and 19 Hold. Therefore 31% are positive. Ensco Plc has $25 highest and $4.0 lowest target. $10.94’s average target is 87.01% above currents $5.85 stock price. Ensco Plc had 88 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Ensco plc (NYSE:ESV) has “Accumulate” rating given on Monday, June 13 by Johnson Rice. The stock of Ensco plc (NYSE:ESV) has “Hold” rating given on Thursday, November 19 by Jefferies. The firm has “Hold” rating given on Wednesday, June 21 by BMO Capital Markets. The stock of Ensco plc (NYSE:ESV) has “Hold” rating given on Monday, April 18 by Deutsche Bank. The firm earned “Neutral” rating on Thursday, September 22 by Clarkson Capital. The firm earned “Hold” rating on Wednesday, May 31 by Seaport Global. The firm has “Buy” rating by UBS given on Monday, September 25. Citigroup maintained Ensco plc (NYSE:ESV) on Thursday, August 25 with “Neutral” rating. Jefferies maintained the stock with “Hold” rating in Friday, June 30 report. The firm has “Buy” rating given on Wednesday, January 11 by Citigroup. See Ensco plc (NYSE:ESV) latest ratings:

07/06/2018 Broker: HSBC Old Rating: Buy New Rating: Hold Downgrade
13/04/2018 Broker: Susquehanna Rating: Hold New Target: $5.5000 Maintain
13/04/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Upgrade
15/03/2018 Broker: Cowen & Co Rating: Hold New Target: $5.0 Maintain
28/02/2018 Broker: Susquehanna Rating: Hold New Target: $5.0 Maintain
28/02/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $7 New Target: $6 Maintain
23/01/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Neutral Downgrade
12/01/2018 Broker: Susquehanna Rating: Hold New Target: $7.0 Maintain
11/01/2018 Broker: Cowen & Co Rating: Hold New Target: $6.0 Maintain
11/01/2018 Broker: PiperJaffray Old Rating: Overweight New Rating: Neutral Downgrade

Rnc Capital Management Llc decreased International Paper Co (IP) stake by 1.25% reported in 2018Q1 SEC filing. Rnc Capital Management Llc sold 10,270 shares as International Paper Co (IP)’s stock declined 10.63%. The Rnc Capital Management Llc holds 808,545 shares with $43.20 million value, down from 818,815 last quarter. International Paper Co now has $22.95 billion valuation. The stock decreased 2.48% or $1.41 during the last trading session, reaching $55.43. About 6.76M shares traded or 132.74% up from the average. International Paper Company (NYSE:IP) has risen 3.78% since June 17, 2017 and is uptrending. It has underperformed by 8.79% the S&P500. Some Historical IP News: ; 16/05/2018 – INTL PAPER CONFIRMS IT WOULD SEEK A SECONDARY LISTING ON LSE; 06/03/2018 – INTERNATIONAL PAPER CO-“NOTES THE COMMENTS THAT SMURFIT KAPPA BELIEVES THE PROPOSAL IS HIGHLY OPPORTUNISTIC”; 26/04/2018 – INTERNATIONAL PAPER CEO MARK SUTTON SAYS ON 1Q EARNINGS CALL; 16/05/2018 – International Paper: Both Companies Should Meet ‘to Discuss the Synergy Potential of the Combined Co’; 15/05/2018 – International Paper at Goldman Sachs Conference Tomorrow; 29/03/2018 – INTERNATIONAL PAPER CO IP.N : UBS STARTS WITH BUY; TARGET PRICE $63; 06/03/2018 – International Paper: Deal Values Smurfit Kappa at Total EUR8.6 Bln; 06/03/2018 – SMURFIT KAPPA GROUP PLC – CO BELIEVES IT IS IN BEST INTERESTS OF SHAREHOLDERS, STAKEHOLDERS TO PURSUE FUTURE AS INDEPENDENT COMPANY; 06/03/2018 – INTERNATIONAL PAPER CO IP.N – CONFIRMS IT HAS SUBMITTED PROPOSAL TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF SMURFIT KAPPA; 23/03/2018 – INTERNATIONAL PAPER SAYS BOARD INTENDS TO REDUCE ITS SIZE TO 12 DIRECTORS IMMEDIATELY FOLLOWING ANNUAL MEETING – SEC FILING

Another recent and important Ensco plc (NYSE:ESV) news was published by Seekingalpha.com which published an article titled: “Offshore Shipping Market Update” on June 12, 2018.

The stock decreased 7.00% or $0.44 during the last trading session, reaching $5.85. About 26.59 million shares traded or 96.40% up from the average. Ensco plc (NYSE:ESV) has declined 6.04% since June 17, 2017 and is downtrending. It has underperformed by 18.61% the S&P500. Some Historical ESV News: ; 25/04/2018 – Ensco 1Q Rev $417M; 25/04/2018 – ENSCO PLC ESV.N – QTRLY SHR LOSS $0.32; 16/03/2018 – CORRECTED-ENSCO PLC ESV.N : CREDIT SUISSE ASSUMING COVERAGE WITH NEUTRAL RATING AND TARGET PRICE OF $8 (ADDS BROKERAGE NAME); 24/04/2018 – Ensco Short-Interest Ratio Rises 22% to 9 Days; 18/05/2018 – Ensco Forms Golden Cross: Technicals; 25/04/2018 – Ensco 1Q Cont Ops Loss/Shr 32c; 14/05/2018 – Elephas Investment Buys New 1.9% Position in Ensco; 25/04/2018 – ENSCO 1Q LOSS/SHR CONT OPS 32C; 15/03/2018 – ENSCO PLC ESV.N : ASSUMING COVERAGE WITH NEUTRAL RATING AND TARGET PRICE OF $8; 25/04/2018 – ENSCO 1Q ADJ LOSS/SHR CONT OPS 32C, EST. LOSS/SHR 27C

Ensco plc provides offshore contract drilling services to the gas and oil industry worldwide. The company has market cap of $2.56 billion. It operates through three divisions: Floaters, Jackups, and Other. It currently has negative earnings. The firm owns and operates an offshore drilling rig fleet of 68 rigs, including 30 located in the Middle East, Africa, and the Asia Pacific, which comprise 4 rigs under construction; 21 situated in North and South America, including Brazil; and 17 located in Europe and the Mediterranean.

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.45, from 1.48 in 2017Q4. It turned negative, as 30 investors sold Ensco plc shares while 87 reduced holdings. 34 funds opened positions while 87 raised stakes. 398.89 million shares or 3.74% more from 384.52 million shares in 2017Q4 were reported. Edgestream Prtn Lp has 0.01% invested in Ensco plc (NYSE:ESV) for 11,096 shares. Woodstock Corp reported 24,604 shares. Pnc Fincl Svcs Group has invested 0% in Ensco plc (NYSE:ESV). Rhumbline Advisers accumulated 767,933 shares. 411,190 are held by Bedell Frazier Inv Counseling Ltd Limited Liability Company. Hourglass Capital Ltd accumulated 934,100 shares or 0.94% of the stock. Hellman Jordan Management Company Ma has invested 0.11% in Ensco plc (NYSE:ESV). Franklin Res owns 588,452 shares or 0% of their US portfolio. Zeke Capital Ltd Llc, Pennsylvania-based fund reported 13,669 shares. Wells Fargo & Mn invested 0% in Ensco plc (NYSE:ESV). Envestnet Asset Mngmt holds 0% or 896 shares. Arga Mngmt L P has 19,200 shares. Contrarius Management reported 11.98M shares. Nomura Hldgs accumulated 239,935 shares. Fmr holds 0.02% of its portfolio in Ensco plc (NYSE:ESV) for 32.18 million shares.

Among 17 analysts covering International Paper Company (NYSE:IP), 10 have Buy rating, 2 Sell and 5 Hold. Therefore 59% are positive. International Paper Company had 75 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by Barclays Capital on Friday, January 8 to “Equal-Weight”. Stephens maintained the stock with “Hold” rating in Wednesday, January 10 report. The stock has “Equal-Weight” rating by Barclays Capital on Monday, May 2. The stock of International Paper Company (NYSE:IP) has “Hold” rating given on Thursday, July 27 by KeyBanc Capital Markets. The firm earned “Buy” rating on Wednesday, August 16 by Jefferies. The firm has “Buy” rating given on Wednesday, June 6 by RBC Capital Markets. The stock of International Paper Company (NYSE:IP) earned “Hold” rating by KeyBanc Capital Markets on Thursday, June 29. On Friday, February 3 the stock rating was downgraded by DA Davidson to “Neutral”. The firm earned “Hold” rating on Thursday, September 17 by Deutsche Bank. The rating was upgraded by Goldman Sachs on Thursday, July 13 to “Buy”.

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.19, from 1.17 in 2017Q4. It worsened, as 65 investors sold IP shares while 238 reduced holdings. 86 funds opened positions while 212 raised stakes. 332.80 million shares or 0.29% more from 331.84 million shares in 2017Q4 were reported. Victory Capital Mngmt invested in 0.03% or 238,381 shares. Douglass Winthrop Limited Liability Corporation accumulated 7,700 shares or 0.02% of the stock. Balyasny Asset Mngmt holds 0.71% or 3.16 million shares in its portfolio. Principal Financial holds 753,982 shares. Eastern Bancshares holds 39,707 shares. Creative Planning reported 0% in International Paper Company (NYSE:IP). Jpmorgan Chase & Company, a New York-based fund reported 813,451 shares. Oppenheimer & stated it has 0.1% of its portfolio in International Paper Company (NYSE:IP). Koshinski Asset Management holds 0.33% of its portfolio in International Paper Company (NYSE:IP) for 19,957 shares. First Manhattan holds 4,094 shares or 0% of its portfolio. D L Carlson Investment Grp Inc Incorporated reported 53,349 shares stake. Advantus Cap Mgmt holds 0.06% or 41,349 shares in its portfolio. Hightower Advisors invested 0.09% of its portfolio in International Paper Company (NYSE:IP). Mufg Americas Holding holds 0.02% or 12,418 shares in its portfolio. Great Lakes Ltd Company reported 0.01% in International Paper Company (NYSE:IP).

Rnc Capital Management Llc increased Adr stake by 13,295 shares to 485,787 valued at $31.00 million in 2018Q1. It also upped Bristol (NYSE:BMY) stake by 10,822 shares and now owns 861,978 shares. Walgreen Boots Alliance Inc was raised too.

Analysts await International Paper Company (NYSE:IP) to report earnings on July, 26. They expect $1.12 EPS, up 72.31% or $0.47 from last year’s $0.65 per share. IP’s profit will be $463.78 million for 12.37 P/E if the $1.12 EPS becomes a reality. After $0.94 actual EPS reported by International Paper Company for the previous quarter, Wall Street now forecasts 19.15% EPS growth.

Since June 14, 2018, it had 0 insider purchases, and 1 sale for $1.25 million activity. On Thursday, June 14 Ealy Carleton C sold $1.25 million worth of International Paper Company (NYSE:IP) or 22,000 shares.

International Paper Company (NYSE:IP) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *