Enquest Plc (ENQ) Upgraded by Barclays PLC to Overweight
Enquest Plc (LON:ENQ) was upgraded by stock analysts at Barclays PLC to an “overweight” rating in a report released on Monday. The brokerage presently has a GBX 40 ($0.50) price objective on the oil and gas development company’s stock. Barclays PLC’s target price points to a potential upside of 37.93% from the company’s previous close.
Several other brokerages have also commented on ENQ. Liberum Capital reissued a “sell” rating and set a GBX 25 ($0.31) price objective on shares of Enquest Plc in a report on Tuesday, July 5th. Jefferies Group reissued a “hold” rating and set a GBX 31 ($0.38) price objective on shares of Enquest Plc in a report on Tuesday, June 21st. Canaccord Genuity reissued a “buy” rating and set a GBX 50 ($0.62) price objective on shares of Enquest Plc in a report on Tuesday, July 19th. Citigroup Inc. cut their price objective on Enquest Plc from GBX 42 ($0.52) to GBX 36 ($0.45) and set a “neutral” rating for the company in a report on Monday, September 12th. Finally, FirstEnergy Capital reissued a “speculative buy” rating and set a GBX 55 ($0.68) price objective on shares of Enquest Plc in a report on Thursday, September 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 37.46 ($0.46).
Enquest Plc (LON:ENQ) opened at 29.4349 on Monday. Enquest Plc has a 12-month low of GBX 10.50 and a 12-month high of GBX 42.10. The company’s market cap is GBX 228.53 million. The firm’s 50-day moving average is GBX 27.30 and its 200 day moving average is GBX 29.73.
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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