Enquest (ENQ) PT Raised to GBX 27

Enquest (LON:ENQ) had its price objective upped by analysts at Barclays from GBX 23 ($0.31) to GBX 27 ($0.37) in a note issued to investors on Monday. The brokerage presently has an “underweight” rating on the oil and gas development company’s stock. Barclays’ price target would indicate a potential downside of 33.39% from the stock’s previous close.

Separately, Jefferies Group decreased their price target on Enquest from GBX 30 ($0.41) to GBX 23 ($0.31) and set a “hold” rating for the company in a research note on Monday, September 25th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 27.20 ($0.37).

Shares of Enquest (ENQ) opened at GBX 40.53 ($0.55) on Monday. The firm has a market capitalization of $464.32 and a PE ratio of 810.66. Enquest has a one year low of GBX 22.50 ($0.31) and a one year high of GBX 56 ($0.76).

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About Enquest

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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