Jefferies Group Reiterates Hold Rating for Enquest Plc (ENQ)
Enquest Plc (LON:ENQ)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group in a report issued on Thursday. They presently have a GBX 31 ($0.40) price objective on the oil and gas development company’s stock. Jefferies Group’s price objective points to a potential upside of 12.73% from the stock’s previous close.
Several other brokerages have also issued reports on ENQ. Citigroup Inc. decreased their target price on Enquest Plc from GBX 42 ($0.55) to GBX 36 ($0.47) and set a “neutral” rating for the company in a research report on Monday, September 12th. Macquarie increased their target price on Enquest Plc from GBX 54 ($0.70) to GBX 78 ($1.02) and gave the stock an “outperform” rating in a research report on Friday, September 16th. Canaccord Genuity reissued a “buy” rating and issued a GBX 50 ($0.65) target price on shares of Enquest Plc in a research report on Tuesday, July 19th. Numis Securities Ltd reaffirmed an “under review” rating on shares of Enquest Plc in a research report on Monday, July 25th. Finally, Liberum Capital reaffirmed a “sell” rating and set a GBX 25 ($0.33) price objective on shares of Enquest Plc in a research report on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 36.96 ($0.48).
Enquest Plc (LON:ENQ) opened at 27.50 on Thursday. Enquest Plc has a 52-week low of GBX 10.50 and a 52-week high of GBX 42.10. The firm has a 50-day moving average price of GBX 27.48 and a 200 day moving average price of GBX 29.52. The stock’s market cap is GBX 213.51 million.
Enquest Plc Company Profile
EnQuest PLC is a United Kingdom-based oil and gas development and production company. The Company’s principal activities are the exploration for, and extraction and production of, hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The Company focuses on maturing assets and undeveloped oil fields.
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