NEW YORK ( TheStreet) -- Ensco (NYSE: ESV) is trading at unusually high volume Thursday with 6.7 million shares changing hands. It is currently at four times its average daily volume and trading up $2.24 (+4.5%) at $52.34 as of 2:26 p.m. ET. Ensco has a market cap of $7.3 billion and is part of the basic materials sector and energy industry. Shares are down 6.1% year to date as of the close of trading on Wednesday.

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 11.5, above the average energy industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates Ensco as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Ensco Ratings Report.
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