Helmut Langanger Purchases 200,000 Shares of Enquest Plc (LON:ENQ) Stock
Enquest Plc (LON:ENQ) insider Helmut Langanger acquired 200,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of GBX 20 ($0.26) per share, for a total transaction of £40,000 ($52,267.08).
ENQ stock opened at GBX 19.92 ($0.26) on Thursday. The company has a market capitalization of $337.73 million and a P/E ratio of 1.97. Enquest Plc has a 12 month low of GBX 15.26 ($0.20) and a 12 month high of GBX 37.56 ($0.49). The firm’s fifty day simple moving average is GBX 20.36 and its 200-day simple moving average is GBX 20. The company has a debt-to-equity ratio of 279.19, a current ratio of 0.69 and a quick ratio of 0.43.
ENQ has been the subject of several research analyst reports. Barclays raised their price objective on Enquest from GBX 11 ($0.14) to GBX 19 ($0.25) and gave the stock an “underweight” rating in a research note on Monday, June 24th. Numis Securities reiterated an “under review” rating on shares of Enquest in a research report on Thursday, May 16th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company currently has an average rating of “Sell” and a consensus price target of GBX 21.20 ($0.28).
EnQuest PLC, an oil and gas development and production company, together with its subsidiaries, explores for, extracts, and produces hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The company operates through North Sea and Malaysia segments. It primarily holds interests in the Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater Kittiwake Area, Scolty/Crathes, and Alma/Galia; and in the Kraken development, and a non-operated interest in the Alba producing oil field, as well as the PM8/Seligi production sharing contract and the Tanjong Baram risk services contract in Malaysia.
Further Reading: What is the G-20?
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