Enquest Plc (ENQ) Receives Consensus Rating of “Hold” from Analysts
Shares of Enquest Plc (LON:ENQ) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is GBX 36.60 ($0.45).
ENQ has been the topic of a number of recent research reports. Jefferies Group restated a “hold” rating and issued a GBX 31 ($0.38) target price on shares of Enquest Plc in a research note on Thursday, October 6th. Canaccord Genuity restated a “hold” rating and issued a GBX 32 ($0.40) target price on shares of Enquest Plc in a research note on Wednesday, August 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 50 ($0.62) price target on shares of Enquest Plc in a research report on Friday, September 9th. Citigroup Inc. reduced their price target on Enquest Plc from GBX 42 ($0.52) to GBX 36 ($0.45) and set a “neutral” rating for the company in a research report on Monday, September 12th. Finally, Macquarie reduced their price target on Enquest Plc from GBX 65 ($0.81) to GBX 60 ($0.74) and set an “outperform” rating for the company in a research report on Friday, September 9th.
Shares of Enquest Plc (LON:ENQ) traded up 8.18% during midday trading on Wednesday, reaching GBX 29.75. 7,979,040 shares of the company’s stock were exchanged. Enquest Plc has a 12-month low of GBX 10.50 and a 12-month high of GBX 42.10. The stock’s 50 day moving average is GBX 27.65 and its 200-day moving average is GBX 29.03. The stock’s market cap is GBX 230.98 million.
In other news, insider Philip Nolan purchased 66,667 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were purchased at an average cost of GBX 23 ($0.29) per share, for a total transaction of £15,333.41 ($19,021.72).
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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