Ensco PLC (NYSE:ESV) rose 6% on Monday . The company traded as high as $9.21 and last traded at $9.19, with a volume of 4,534,072 shares trading hands. The stock had previously closed at $8.67.

ESV has been the topic of a number of research reports. Evercore ISI restated a “buy” rating on shares of Ensco PLC in a research report on Wednesday, June 29th. DNB Markets downgraded Ensco PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Credit Suisse Group AG restated a “hold” rating and set a $10.00 price target on shares of Ensco PLC in a research report on Friday, July 29th. Goldman Sachs Group Inc. lowered their price target on Ensco PLC from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, April 15th. Finally, Clarkson Capital restated a “sell” rating on shares of Ensco PLC in a research report on Tuesday, April 12th. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $12.10.

The stock’s market capitalization is $2.63 billion. The firm has a 50-day moving average price of $9.61 and a 200 day moving average price of $9.99.

Ensco PLC (NYSE:ESV) last posted its quarterly earnings data on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $1.51. During the same period last year, the company earned $1.11 earnings per share. The firm earned $910 million during the quarter, compared to analysts’ expectations of $746.55 million. The business’s revenue for the quarter was down 14.1% compared to the same quarter last year. Equities research analysts anticipate that Ensco PLC will post $1.57 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in 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 worth $2,743,000 after buying an additional 54,370 shares during the period. Systematic Financial Management LP purchased a new stake in Ensco PLC during the fourth quarter worth $1,724,000. Andra AP fonden raised its stake in 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 worth $2,344,000 after buying an additional 62,400 shares during the period. Aberdeen Asset Management PLC UK raised its stake in 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 worth $1,415,000 after buying an additional 7,218 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Ensco PLC by 13.3% in the fourth quarter. GSA Capital Partners LLP now owns 72,548 shares of the offshore drilling services provider’s stock worth $1,117,000 after buying an additional 8,526 shares during the period.

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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