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NEW YORK (

TheStreet

) --

Ensco

(NYSE:

ESV

) hit a new 52-week high Monday as it traded at $56.03 compared with its previous 52-Week high of $55.88. Ensco is changing hands at $55.89 with three million shares traded as of 3:51 p.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Ensco has a market cap of $7.7 billion and is part of the

basic materials

sector and

energy

TheStreet Recommends

industry. Shares are up 3.8% year to date as of the close of trading on Friday.

Ensco plc, together with its subsidiaries, provides offshore contract drilling services to the oil and gas industry. The company has a P/E ratio of 14.1, above the average energy industry P/E ratio of 11.7 and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Ensco as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and deteriorating net income. You can view the full

Ensco Ratings Report

.

See all

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