EnQuest Upgraded by RBC Capital to “Outperform” (ENQ)
EnQuest (LON:ENQ) was upgraded by research analysts at RBC Capital to an “outperform” rating in a report released on Thursday, StockRatingsNetwork reports. The firm currently has a GBX 190 ($3.03) price objective on the stock. RBC Capital’s price objective would indicate a potential upside of 45.93% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of EnQuest in a research note to investors on Monday. They now have a GBX 175 ($2.79) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of EnQuest in a research note to investors on Monday. They now have a GBX 186 ($2.97) price target on the stock. Finally, analysts at HSBC upgraded shares of EnQuest from a “neutral” rating to an “overweight” rating in a research note to investors on Thursday, October 10th. They now have a GBX 143 ($2.28) price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. EnQuest has a consensus rating of “Hold” and a consensus price target of GBX 156.62 ($2.50).
Shares of EnQuest (LON:ENQ) traded up 1.23% during mid-day trading on Thursday, hitting GBX 131.80. The stock had a trading volume of 763,340 shares. EnQuest has a 52 week low of GBX 110.20 and a 52 week high of GBX 145.68. The stock’s 50-day moving average is GBX 127.3 and its 200-day moving average is GBX 128.. The company’s market cap is £1.028 billion.
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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