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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Ensco PLC Class A (NYSE: ESV) hit a new 52-week high Friday as it is currently trading at $62.19, above its previous 52-week high of $62.12 with 603,111 shares traded as of 10:56 a.m. ET. Average volume has been 2.1 million shares over the past 30 days. Ensco PLC Class A has a market cap of $14.35 billion and is part of the basic materials sector and energy industry. Shares are up 4.2% year to date as of the close of trading on Thursday. Ensco plc provides offshore contract drilling services to the oil and gas industry worldwide. The company has a P/E ratio of 12, below the S&P 500 P/E ratio of 17.7.