Enquest (ENQ) Given “Underweight” Rating at Barclays

Barclays reiterated their underweight rating on shares of Enquest (LON:ENQ) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity reduced their target price on Enquest from GBX 25 ($0.33) to GBX 20 ($0.26) and set a hold rating on the stock in a research note on Monday, February 25th. JPMorgan Chase & Co. cut their price target on Enquest from GBX 37 ($0.48) to GBX 35 ($0.46) and set a neutral rating for the company in a report on Friday, March 1st. Jefferies Financial Group downgraded Enquest to an underperform rating and cut their price target for the company from GBX 35 ($0.46) to GBX 15 ($0.20) in a report on Tuesday, April 9th. Finally, Royal Bank of Canada downgraded Enquest to an underperform rating and cut their price target for the company from GBX 55 ($0.72) to GBX 15 ($0.20) in a report on Monday, January 7th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Enquest presently has an average rating of Sell and an average target price of GBX 20.80 ($0.27).

ENQ stock opened at GBX 21.55 ($0.28) on Tuesday. Enquest has a 1 year low of GBX 15.26 ($0.20) and a 1 year high of GBX 38.59 ($0.50). The company has a debt-to-equity ratio of 279.19, a quick ratio of 0.43 and a current ratio of 0.69. The company has a market capitalization of $349.38 million and a P/E ratio of 2.13.

In other Enquest news, insider Jock Fyfe Lennox purchased 28,732 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was bought at an average cost of GBX 19 ($0.25) per share, for a total transaction of £5,459.08 ($7,133.25). Also, insider Amjad Bseisu purchased 1,907,722 shares of the business’s stock in a transaction on Friday, January 18th. The stock was acquired at an average price of GBX 19 ($0.25) per share, with a total value of £362,467.18 ($473,627.57). Insiders acquired a total of 4,532,528 shares of company stock valued at $84,070,592 over the last quarter.

Enquest Company Profile

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

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Analyst Recommendations for Enquest (LON:ENQ)

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