Enquest Plc (ENQ) Receives GBX 40.50 Average Price Target from Brokerages

Shares of Enquest Plc (LON:ENQ) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 40.50 ($0.53).

A number of brokerages have recently commented on ENQ. Barclays downgraded Enquest to an “equal weight” rating and lowered their price objective for the company from GBX 58 ($0.76) to GBX 45 ($0.59) in a research report on Friday, September 14th. Royal Bank of Canada raised Enquest to an “outperform” rating and set a GBX 53 ($0.69) price objective for the company in a research report on Friday, September 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Enquest from GBX 41 ($0.54) to GBX 44 ($0.57) and gave the company a “neutral” rating in a research report on Thursday, July 12th.

In other news, insider John Winterman purchased 20,000 shares of the stock in a transaction on Friday, September 21st. The stock was purchased at an average price of GBX 38 ($0.50) per share, with a total value of £7,600 ($9,930.75).

Shares of LON:ENQ opened at GBX 31.50 ($0.41) on Wednesday. Enquest has a 52 week low of GBX 22.50 ($0.29) and a 52 week high of GBX 47.25 ($0.62).

Enquest Company Profile

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.

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Analyst Recommendations for Enquest (LON:ENQ)

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