FY2017 Earnings Estimate for Enquest PLC (ENQUF) Issued By Jefferies Group

Enquest PLC (OTCMKTS:ENQUF) – Equities researchers at Jefferies Group lifted their FY2017 earnings estimates for Enquest in a research note issued to investors on Wednesday. Jefferies Group analyst N. Kouzmanov now anticipates that the company will earn ($0.03) per share for the year, up from their previous forecast of ($0.05). Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Enquest’s FY2018 earnings at $0.16 EPS and FY2021 earnings at $0.21 EPS.

Separately, Zacks Investment Research upgraded shares of Enquest from a “sell” rating to a “hold” rating in a research report on Monday, November 27th.

Enquest (OTCMKTS ENQUF) opened at $0.36 on Monday. Enquest has a 12-month low of $0.31 and a 12-month high of $0.66.

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About Enquest

EnQuest PLC, together with its subsidiaries, explores for, extracts, and produces hydrocarbons in the United Kingdom Continental Shelf and Malaysia. It primarily holds interests in the Heather/Broom, Thistle/Deveron, the Dons area, the Greater Kittiwake Area, Alma/Galia, and Scolty/Crathes; and in the Kraken development, and a non-operated interest in the producing Alba oil field, as well as the PM8/Seligi production sharing contract and the Tanjong Baram risk services contract in Malaysia.

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