Barclays Boosts Enquest (ENQ) Price Target to GBX 27

Enquest (LON:ENQ) had its target price upped by equities researchers at Barclays from GBX 23 ($0.31) to GBX 27 ($0.37) in a research report issued on Monday. The firm currently has an “underweight” rating on the oil and gas development company’s stock. Barclays’ price target would indicate a potential downside of 37.57% from the company’s current price.

Separately, Jefferies Group cut their price target on Enquest from GBX 30 ($0.41) to GBX 23 ($0.31) and set a “hold” rating for the company in a research note on Monday, September 25th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 27.20 ($0.37).

Shares of Enquest (LON ENQ) traded up GBX 3.55 ($0.05) during mid-day trading on Monday, hitting GBX 43.25 ($0.59). The company had a trading volume of 5,367,917 shares, compared to its average volume of 3,910,000. The company has a market capitalization of $464.32 and a PE ratio of 865.00. Enquest has a fifty-two week low of GBX 22.50 ($0.31) and a fifty-two week high of GBX 56 ($0.76).

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About Enquest

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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