EnQuest Given “Buy” Rating at Liberum Capital (ENQ)
EnQuest (LON:ENQ)‘s stock had its “buy” rating reiterated by research analysts at Liberum Capital in a report released on Monday, American Banking & Market News reports. They currently have a GBX 188 ($3.10) target price on the stock. Liberum Capital’s price target suggests a potential upside of 44.39% from the stock’s previous close.
Shares of EnQuest (LON:ENQ) traded down 3.34% on Monday, hitting GBX 130.20. The stock had a trading volume of 1,333,172 shares. EnQuest has a 52-week low of GBX 116.70 and a 52-week high of GBX 145.68. The stock has a 50-day moving average of GBX 135.5 and a 200-day moving average of GBX 130.9. The company’s market cap is £1.016 billion.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley cut their price target on shares of EnQuest from GBX 135 ($2.22) to GBX 125 ($2.06) in a research note to investors on Friday. They now have an “underweight” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of EnQuest in a research note to investors on Wednesday, January 22nd. They now have a GBX 188 ($3.10) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of EnQuest in a research note to investors on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. EnQuest presently has an average rating of “Buy” and an average price target of GBX 161.01 ($2.65).
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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