Ensco PLC (NYSE:ESV) shares were up 6.5% during trading on Monday . The company traded as high as $9.00 and last traded at $8.97, with a volume of 3,248,200 shares changing hands. The stock had previously closed at $8.42.

A number of research analysts recently commented on ESV shares. Bank of America Corp. started coverage on shares of Ensco PLC in a report on Sunday, June 19th. They issued an “underperform” rating and a $10.53 price target for the company. DNB Markets downgraded shares of Ensco PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Zacks Investment Research downgraded shares of Ensco PLC from a “hold” rating to a “strong sell” rating in a report on Monday, July 18th. Susquehanna raised shares of Ensco PLC from a “negative” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Ensco PLC in a report on Friday, August 5th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ensco PLC has an average rating of “Hold” and a consensus target price of $12.10.

The company’s market capitalization is $2.70 billion. The company has a 50 day moving average of $9.44 and a 200-day moving average of $9.97.

Ensco PLC (NYSE:ESV) last announced its earnings results on Wednesday, July 27th. The offshore drilling services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.51. During the same period in the previous year, the company earned $1.11 earnings per share. The business had revenue of $910 million for the quarter, compared to analysts’ expectations of $746.55 million. Ensco PLC’s quarterly revenue was down 14.1% on a year-over-year basis. Analysts predict that Ensco PLC will post $1.55 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake 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 worth $2,743,000 after buying an additional 54,370 shares in the last quarter. Systematic Financial Management LP purchased a new stake in shares of Ensco PLC during the fourth quarter worth approximately $1,724,000. Andra AP fonden increased its stake 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 worth $2,344,000 after buying an additional 62,400 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake 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 worth $1,415,000 after buying an additional 7,218 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of 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 in 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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