EnQuest (ENQ) Earns Underweight Rating from Barclays

Barclays restated their underweight rating on shares of EnQuest (LON:ENQ) in a report released on Friday morning.

A number of other equities research analysts have also recently issued reports on the stock. Macquarie reaffirmed an underperform rating and issued a GBX 10 ($0.13) target price on shares of EnQuest in a report on Tuesday, August 29th. J P Morgan Chase & Co dropped their target price on shares of EnQuest from GBX 50 ($0.67) to GBX 41 ($0.55) and set a neutral rating on the stock in a report on Friday, September 8th. Finally, Jefferies Group cut shares of EnQuest to a hold rating and dropped their target price for the company from GBX 64 ($0.86) to GBX 30 ($0.40) in a report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has an average rating of Hold and an average target price of GBX 30 ($0.40).

EnQuest (LON:ENQ) opened at GBX 26.50 ($0.36) on Friday. EnQuest has a one year low of GBX 22.50 ($0.30) and a one year high of GBX 56 ($0.75).

In other news, insider Jonathan Swinney sold 121,102 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of GBX 25 ($0.34), for a total value of £30,275.50 ($40,747.64).

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EnQuest 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.

Analyst Recommendations for EnQuest (LON:ENQ)

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