Enquest Plc’s (ENQ) “Hold” Rating Reiterated at Jefferies Group
Enquest Plc (LON:ENQ)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Group in a research report issued on Thursday. They currently have a GBX 31 ($0.40) price objective on the oil and gas development company’s stock. Jefferies Group’s target price would suggest a potential upside of 7.83% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 50 ($0.65) price target on shares of Enquest Plc in a research note on Tuesday, July 19th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 44 ($0.57) price target on shares of Enquest Plc in a research note on Tuesday, July 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 50 ($0.65) price target on shares of Enquest Plc in a research note on Friday, September 9th. Citigroup Inc. decreased their price target on Enquest Plc from GBX 42 ($0.55) to GBX 36 ($0.47) and set a “neutral” rating on the stock in a research note on Monday, September 12th. Finally, Macquarie decreased their price target on Enquest Plc from GBX 65 ($0.85) to GBX 60 ($0.78) and set an “outperform” rating on the stock in a research note on Friday, September 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Enquest Plc currently has an average rating of “Hold” and an average target price of GBX 36.96 ($0.48).
Shares of Enquest Plc (LON:ENQ) traded up 4.55% during midday trading on Thursday, reaching GBX 28.75. The company had a trading volume of 4,226,724 shares. The company’s 50 day moving average price is GBX 27.45 and its 200-day moving average price is GBX 29.50. Enquest Plc has a 52 week low of GBX 10.50 and a 52 week high of GBX 42.10. The company’s market capitalization is GBX 223.22 million.
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Enquest Plc Company Profile
EnQuest PLC is a United Kingdom-based oil and gas development and production company. The Company’s principal activities are the exploration for, and extraction and production of, hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The Company focuses on maturing assets and undeveloped oil fields.
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