EnQuest Stock Rating Reaffirmed by Numis Securities Ltd (ENQ)
EnQuest (LON:ENQ)‘s stock had its “buy” rating restated by equities researchers at Numis Securities Ltd in a research report issued on Monday, ARN reports. They currently have a GBX 188 ($3.09) price target on the stock. Numis Securities Ltd’s price objective points to a potential upside of 45.17% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of EnQuest in a research note to investors on Monday, January 27th. They now have a GBX 188 ($3.09) price target on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of EnQuest from GBX 135 ($2.22) to GBX 125 ($2.05) in a research note to investors on Friday, January 24th. They now have an “underweight” rating 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 analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 161.01 ($2.65).
Shares of EnQuest (LON:ENQ) traded up 1.85% during mid-day trading on Monday, hitting GBX 131.90. The stock had a trading volume of 974,781 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 134.8 and a 200-day moving average of GBX 131.0. The company’s market cap is £1.029 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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