Enquest Plc (ENQ) Receives Consensus Recommendation of “Hold” from Analysts

Enquest Plc (ENQ) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Enquest Plc (LON:ENQ) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is GBX 41.14 ($0.53).

ENQ has been the topic of a number of recent research reports. Citigroup Inc reaffirmed a “sell” rating and set a GBX 34 ($0.44) price objective on shares of Enquest Plc in a research report on Monday, February 6th. Macquarie cut Enquest Plc to an “underperform” rating and decreased their price target for the company from GBX 79 ($1.02) to GBX 30 ($0.39) in a research note on Friday, February 3rd. Barclays PLC reiterated an “underweight” rating and issued a GBX 53 ($0.68) price target on shares of Enquest Plc in a research note on Thursday, February 9th. GMP Securities reiterated a “speculative buy” rating on shares of Enquest Plc in a research note on Wednesday, January 25th. Finally, Jefferies Group LLC upgraded Enquest Plc to a “buy” rating and increased their price target for the company from GBX 31 ($0.40) to GBX 64 ($0.83) in a research note on Monday, January 9th.

Enquest Plc (LON:ENQ) traded up 5.48% during trading on Monday, hitting GBX 38.50. The stock had a trading volume of 6,768,557 shares. The stock’s 50-day moving average is GBX 40.93 and its 200-day moving average is GBX 40.47. Enquest Plc has a 52-week low of GBX 22.00 and a 52-week high of GBX 56.00. The stock’s market capitalization is GBX 433.45 million.

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.

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