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Ensco PLC (NYSE:ESV) has been upgraded from Neutral to Buy in a statement by Goldman Sachs earlier today.

Goldman Sachs has upgraded Ensco PLC (NYSE:ESV) from Neutral to Buy in a statement released on Wednesday September 21, 2016.

Having a price of $6.64, Ensco PLC (NYSE:ESV) traded -3.21% lower on the day. With the last close down -25.22% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ESV has recorded a 50-day average of $7.86 and a two hundred day average of $9.67. Trade Volume was up over the average, with 12,842,930 shares of ESV changing hands over the typical 8,345,390

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Ensco PLC has a 52 week low of $6.50 and a 52 week high of $18.93 The company’s market cap is currently $0.

In addition to Goldman Sachs reporting its stock price target, a total of 29 brokerages have issued a report on the stock. The consensus target price is $10.47 with 1 broker rating the company a strong buy, one brokerage rating the company a buy, twenty-two analysts rating the company a hold, 11 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Ensco PLC (NYSE:ESV)

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. The Jackups segments provide contract drilling. The Other segment consists of management services on rigs owned by third parties. It owns and operates an offshore drilling rig fleet of over 60 rigs, including approximately four rigs under construction. Its rig fleet includes approximately 10 drill ships, over 10 semisubmersible rigs, approximately three moored semisubmersible rigs and over 40 jackup rigs. Of its approximately 70 rigs, approximately 30 are located in the Middle East, Africa and Asia Pacific, over 20 are located in North and South America (including Brazil), and approximately 20 are located in Europe and the Mediterranean.

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