Enquest Plc (ENQ) Earns “Underweight” Rating from Barclays PLC
Enquest Plc (LON:ENQ)‘s stock had its “underweight” rating reiterated by Barclays PLC in a report released on Friday. They currently have a GBX 35 ($0.46) target price on the oil and gas development company’s stock. Barclays PLC’s price objective would indicate a potential upside of 11.11% from the stock’s previous close.
ENQ has been the subject of several other reports. Jefferies Group LLC reissued a “buy” rating and issued a GBX 64 ($0.84) price objective on shares of Enquest Plc in a research note on Wednesday, May 17th. Macquarie lowered their price objective on Enquest Plc from GBX 30 ($0.39) to GBX 10 ($0.13) and set an “underperform” rating for the company in a research note on Wednesday, June 21st. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 50 ($0.65) price objective on shares of Enquest Plc in a research note on Wednesday, May 17th. Finally, GMP Securities reissued a “speculative buy” rating on shares of Enquest Plc in a research note on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 41 ($0.54).
Enquest Plc (LON ENQ) traded down 5.26% on Friday, reaching GBX 31.50. The company’s stock had a trading volume of 1,209,029 shares. The company’s market cap is GBX 354.64 million. Enquest Plc has a 52-week low of GBX 22.00 and a 52-week high of GBX 56.00. The firm’s 50-day moving average price is GBX 31.57 and its 200 day moving average price is GBX 40.92.
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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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