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Actionable news in ESV: ENSCO PLC,

Ensco (ESV) Stock Rises Along With Crude Prices

NEW YORK (TheStreet) -- Shares of Ensco (ESV - Get Report) are up 5.63% to $15.39 in afternoon trading on Monday as oil prices climb.

Oil prices are gaining following reports that Russia is looking to meet with world oil producers to discuss market conditions.

That meeting is in addition to a separate meeting with Saudi oil officials that is planned for the end of this month.

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Industry standard Brent crude for November delivery is up 3.41% to $49.77 per barrel, while West Texas crude for November delivery is up 2.55% to $46.70 per barrel.

Also lifting crude prices today is data from Genscape showing that inventories at the Cushing, OK storage hub fell by 150,000 barrels last week, according to CNBC.

TheStreet Ratings team rates ENSCO PLC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

We rate ENSCO PLC (ESV) a SELL. This is driven by a number of negative factors, which we believe should have...


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