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

ESV has been the subject of several recent analyst reports. 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. Credit Suisse Group AG reissued a “hold” rating and issued a $10.00 price objective on shares of Ensco PLC in a report on Friday. JPMorgan Chase & Co. reissued a “sell” rating and issued a $9.00 price objective on shares of Ensco PLC in a report on Monday, May 2nd. Finally, Zephirin Group reissued a “hold” rating and issued a $12.00 price objective on shares of Ensco PLC in a report on Thursday, May 5th. Nine analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Ensco PLC has an average rating of “Hold” and an average target price of $13.63.

The company has a 50-day moving average price of $9.94 and a 200 day moving average price of $10.08. The company’s market cap is $2.61 billion.

Ensco PLC (NYSE:ESV) last announced its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $1.51. The company had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. The firm’s quarterly revenue was down 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, equities analysts expect that Ensco PLC will post $1.59 EPS for the current fiscal year.

Other hedge funds and institutional investors recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted 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 bought a new position in shares of Ensco PLC during the fourth quarter valued at about $1,724,000. Andra AP fonden boosted 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. bought a new position in shares of Ensco PLC during the fourth quarter valued at about $1,794,000. Finally, Aberdeen Asset Management PLC UK boosted 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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