Enquest Plc (ENQ) PT Lowered to GBX 41 at J P Morgan Chase & Co
Enquest Plc (LON:ENQ) had its price objective dropped by equities researchers at J P Morgan Chase & Co from GBX 50 ($0.65) to GBX 41 ($0.53) in a research report issued on Friday, Marketbeat.com reports. The brokerage currently has a “neutral” rating on the oil and gas development company’s stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 62.38% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Jefferies Group LLC reiterated a “buy” rating and issued a GBX 64 ($0.83) target price on shares of Enquest Plc in a report on Tuesday, June 27th. GMP Securities reiterated a “speculative buy” rating on shares of Enquest Plc in a report on Thursday, May 25th. Macquarie dropped their target price on shares of Enquest Plc from GBX 30 ($0.39) to GBX 10 ($0.13) and set an “underperform” rating on the stock in a report on Wednesday, June 21st. Finally, Barclays PLC reiterated an “underweight” rating and issued a GBX 35 ($0.45) target price on shares of Enquest Plc in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 35.63 ($0.46).
Shares of Enquest Plc (LON:ENQ) traded down 8.18% during trading on Friday, hitting GBX 25.25. 2,759,869 shares of the stock traded hands. The company’s market cap is GBX 284.27 million. Enquest Plc has a one year low of GBX 22.50 and a one year high of GBX 56.00. The firm has a 50 day moving average price of GBX 30.22 and a 200-day moving average price of GBX 36.29.
Enquest Plc (LON:ENQ) last announced its earnings results on Wednesday, September 6th. The oil and gas development company reported $0.03 EPS for the quarter. Enquest Plc had a net margin of 8.16% and a return on equity of 8.69%. Analysts anticipate that Enquest Plc will post ($0.01) earnings per share for the current fiscal year.
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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