Enquest (LON:ENQ) had its price objective lifted by Barclays from GBX 11 ($0.14) to GBX 19 ($0.25) in a research note issued to investors on Monday morning, Digital Look reports. They currently have an underweight rating on the oil and gas development company’s stock.
ENQ has been the topic of a number of other reports. Jefferies Financial Group lowered Enquest to an underperform rating and dropped their target price for the stock from GBX 35 ($0.46) to GBX 15 ($0.20) in a research report on Tuesday, April 9th. JPMorgan Chase & Co. decreased their price target on Enquest from GBX 37 ($0.48) to GBX 35 ($0.46) and set a neutral rating for the company in a research note on Friday, March 1st. Canaccord Genuity decreased their price target on Enquest from GBX 25 ($0.33) to GBX 20 ($0.26) and set a hold rating for the company in a research note on Monday, February 25th. Finally, Numis Securities reiterated an under review rating on shares of Enquest in a research note on Thursday, May 16th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has a consensus rating of Sell and an average price target of GBX 21.20 ($0.28).
Shares of LON ENQ opened at GBX 20.28 ($0.26) on Monday. Enquest has a 1 year low of GBX 15.26 ($0.20) and a 1 year high of GBX 38.12 ($0.50). The stock has a market capitalization of $328.79 million and a price-to-earnings ratio of 2.01. The company has a debt-to-equity ratio of 279.19, a quick ratio of 0.43 and a current ratio of 0.69. The stock’s 50-day simple moving average is GBX 19.86.
In other news, insider Amjad Bseisu purchased 417,577 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average cost of GBX 19 ($0.25) per share, for a total transaction of £79,339.63 ($103,671.28). Also, insider Helmut Langanger purchased 87,302 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of GBX 20 ($0.26) per share, with a total value of £17,460.40 ($22,815.11). Insiders purchased 4,940,612 shares of company stock valued at $93,751,149 over the last quarter.
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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