EnQuest (LON:ENQ) Price Target Raised to GBX 25

EnQuest (LON:ENQ) had its price objective boosted by JPMorgan Chase & Co. from GBX 24 to GBX 25 in a research report issued on Wednesday,London Stock Exchange reports. The firm presently has an “overweight” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 35.43% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ENQ. Shore Capital Group restated a “buy” rating on shares of EnQuest in a research report on Wednesday, March 25th. Jefferies Financial Group restated a “buy” rating and issued a GBX 15 price objective on shares of EnQuest in a research report on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, EnQuest currently has a consensus rating of “Buy” and a consensus price target of GBX 22.40.

EnQuest Price Performance

ENQ stock opened at GBX 18.46 on Wednesday. The firm’s 50-day moving average price is GBX 16.85 and its two-hundred day moving average price is GBX 13.06. EnQuest has a 12-month low of GBX 9.72 and a 12-month high of GBX 21.35. The stock has a market capitalization of £343.56 million, a price-to-earnings ratio of 184.60, a PEG ratio of 0.07 and a beta of 0.25. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 204.44.

EnQuest Company Profile

EnQuest is providing creative solutions through the energy transition.

EnQuest is an independent energy company. We focus on mature late-life assets, responsibly optimising production to provide energy security. Where we can, we repurpose our infrastructure to deliver renewable energy and decarbonisation projects before executing world-class decommissioning.

Shares in the Company trade on the London Stock Exchange (ENQ.L).