Enquest Plc’s (ENQ) “Speculative Buy” Rating Reaffirmed at GMP Securities
Enquest Plc (LON:ENQ)‘s stock had its “speculative buy” rating reissued by investment analysts at GMP Securities in a research report issued to clients and investors on Thursday.
A number of other analysts have also recently commented on ENQ. Barclays PLC restated an “underweight” rating and issued a GBX 53 ($0.69) price objective on shares of Enquest Plc in a research report on Thursday, February 9th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 50 ($0.65) price objective on shares of Enquest Plc in a research report on Wednesday, May 17th. Macquarie cut Enquest Plc to an “underperform” rating and cut their price objective for the company from GBX 79 ($1.03) to GBX 30 ($0.39) in a research report on Friday, February 3rd. Jefferies Group LLC restated a “buy” rating and issued a GBX 64 ($0.83) price objective on shares of Enquest Plc in a research report on Wednesday, March 22nd. Finally, Citigroup Inc restated a “sell” rating and issued a GBX 34 ($0.44) price objective on shares of Enquest Plc in a research report on Monday, February 6th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Enquest Plc has an average rating of “Hold” and an average price target of GBX 42.25 ($0.55).
Enquest Plc (LON:ENQ) traded down 6.17% during midday trading on Thursday, reaching GBX 38.00. 6,192,365 shares of the company traded hands. The stock’s market capitalization is GBX 427.82 million. The firm has a 50-day moving average of GBX 39.84 and a 200-day moving average of GBX 41.58. Enquest Plc has a 1-year low of GBX 22.00 and a 1-year high of GBX 56.00.
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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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