Shares of Ensco PLC (NYSE:ESV) traded up 4.7% on Friday . The stock traded as high as $9.22 and last traded at $9.20, with a volume of 5,270,179 shares trading hands. The stock had previously closed at $8.79.

A number of analysts recently commented on the stock. Goldman Sachs Group Inc. reissued a “hold” rating on shares of Ensco PLC in a report on Sunday, April 17th. Jefferies Group reissued a “hold” rating on shares of Ensco PLC in a report on Sunday, July 10th. Zephirin Group reissued a “hold” rating and set a $12.00 price objective on shares of Ensco PLC in a report on Thursday, May 5th. Deutsche Bank AG raised shares of Ensco PLC from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $4.00 to $9.00 in a report on Monday, April 18th. Finally, JPMorgan Chase & Co. reissued a “sell” rating and set a $9.00 price objective on shares of Ensco PLC in a report on Monday, May 2nd. Nine analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.80.

The company’s 50-day moving average price is $10.00 and its 200-day moving average price is $10.09. The company’s market cap is $2.16 billion.

Ensco PLC (NYSE:ESV) last posted its quarterly earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.51. The company earned $910 million during the quarter, compared to analysts’ expectations of $746.55 million. Ensco PLC’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same period last year, the company earned $1.11 earnings per share. Analysts predict that Ensco PLC will post $1.64 earnings per share for the current fiscal year.

Other institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Ensco PLC by 43.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 178,204 shares of the offshore drilling services provider’s stock valued at $2,743,000 after buying an additional 54,370 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of Ensco PLC during the fourth quarter valued at $1,724,000. Andra AP fonden raised its position in shares of Ensco PLC by 69.4% in the fourth quarter. Andra AP fonden now owns 152,300 shares of the offshore drilling services provider’s stock valued at $2,344,000 after buying an additional 62,400 shares during the last quarter. Deere & Co. acquired a new position in shares of Ensco PLC during the fourth quarter valued at $1,794,000. Finally, Aberdeen Asset Management PLC UK raised its position in shares of Ensco PLC by 9.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 85,200 shares of the offshore drilling services provider’s stock valued at $1,415,000 after buying an additional 7,218 shares during the last quarter.

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling.

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