Enquest Plc (ENQ) Given Consensus Rating of “Hold” by Brokerages
Enquest Plc (LON:ENQ) has earned an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat.com reports. Three 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. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 31.43 ($0.42).
Several research firms have weighed in on ENQ. Macquarie lowered their target price on Enquest Plc from GBX 30 ($0.40) to GBX 10 ($0.13) and set an “underperform” rating on the stock in a research note on Wednesday, June 21st. Jefferies Group LLC lowered their target price on Enquest Plc from GBX 30 ($0.40) to GBX 23 ($0.31) and set a “hold” rating on the stock in a research note on Monday, September 25th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 35 ($0.47) target price on shares of Enquest Plc in a research note on Friday, July 21st. Finally, J P Morgan Chase & Co lowered their target price on Enquest Plc from GBX 50 ($0.67) to GBX 41 ($0.55) and set a “neutral” rating on the stock in a research note on Friday, September 8th.
WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/09/30/enquest-plc-enq-given-consensus-rating-of-hold-by-brokerages.html.
Enquest Plc (LON:ENQ) traded up 1.83% during midday trading on Friday, hitting GBX 27.75. 3,107,752 shares of the company traded hands. The company’s market cap is GBX 312.66 million. The stock has a 50 day moving average price of GBX 28.90 and a 200-day moving average price of GBX 34.94. Enquest Plc has a 12-month low of GBX 22.50 and a 12-month high of GBX 56.00.
In related news, insider Jonathan Swinney sold 121,102 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of GBX 25 ($0.34), for a total value of £30,275.50 ($40,714.77).
About Enquest Plc
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.
Receive News & Ratings for Enquest Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enquest Plc and related companies with MarketBeat.com's FREE daily email newsletter.