Enquest Plc (ENQ) Receives Average Recommendation of “Hold” from Brokerages

Shares of Enquest Plc (LON:ENQ) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 25.80 ($0.34).

Several research analysts have recently issued reports on ENQ shares. Barclays upped their price objective on Enquest from GBX 23 ($0.31) to GBX 24 ($0.32) and gave the stock an “underweight” rating in a research report on Wednesday, March 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 41 ($0.55) price objective on shares of Enquest in a research report on Wednesday, March 21st. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a GBX 30 ($0.40) price objective on shares of Enquest in a research report on Monday, March 26th.

Shares of Enquest traded up GBX 1.05 ($0.01), hitting GBX 33.05 ($0.44), during midday trading on Thursday, Marketbeat Ratings reports. The stock had a trading volume of 6,574,112 shares, compared to its average volume of 8,310,000. Enquest has a fifty-two week low of GBX 22.50 ($0.30) and a fifty-two week high of GBX 47.25 ($0.63).

About Enquest

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.

Analyst Recommendations for Enquest (LON:ENQ)

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