EnQuest Given Buy Rating at Numis Securities Ltd (ENQ)
EnQuest (LON:ENQ)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities Ltd in a note issued to investors on Friday, AR Network reports. They currently have a GBX 186 ($2.91) target price on the stock. Numis Securities Ltd’s price objective points to a potential upside of 40.17% from the stock’s previous close.
EnQuest (LON:ENQ) opened at 132.10 on Friday. The stock has a 50-day moving average of GBX 125.6 and a 200-day moving average of GBX 129.0. The company’s market cap is £1.031 billion.
A number of other firms have also recently commented on ENQ. Analysts at Liberum Capital downgraded shares of EnQuest (LON:ENQ) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 27th. They now have a GBX 142 ($2.22) price target on the stock, down previously from GBX 167 ($2.61). Separately, analysts at Citigroup Inc. cut their price target on shares of EnQuest (LON:ENQ) from GBX 151 ($2.36) to GBX 144 ($2.25) in a research note to investors on Thursday, August 15th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of EnQuest (LON:ENQ) from GBX 184 ($2.88) to GBX 185 ($2.89) in a research note to investors on Wednesday, August 14th. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 156.28 ($2.44).
EnQuest PLC is an independent oil and gas development and production with its focus on the United Kingdom Continental Shelf (LON:ENQ).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.