EnQuest’s Buy Rating Reaffirmed at Numis Securities Ltd (ENQ)
EnQuest (LON:ENQ)‘s stock had its “buy” rating restated by research analysts at Numis Securities Ltd in a report released on Monday, Analyst Ratings Network.com reports. They currently have a GBX 186 ($2.97) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 45.54% from the company’s current price.
Shares of EnQuest (LON:ENQ) opened at 128.10 on Monday. EnQuest has a 1-year low of GBX 110.20 and a 1-year high of GBX 145.68. The stock has a 50-day moving average of GBX 127.3 and a 200-day moving average of GBX 128.. The company’s market cap is £999.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC upgraded shares of EnQuest from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday. They now have a GBX 143 ($2.28) price target on the stock. Separately, analysts at Liberum Capital downgraded shares of EnQuest from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, August 27th. They now have a GBX 142 ($2.27) price target on the stock, down previously from GBX 167 ($2.67). Finally, analysts at Citigroup Inc. cut their price target on shares of EnQuest from GBX 151 ($2.41) to GBX 144 ($2.30) in a research note to investors on Thursday, August 15th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 155.46 ($2.48).
EnQuest PLC is an independent oil and gas development and production with its focus on the United Kingdom Continental Shelf (LON:ENQ).
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