Enquest Plc (LON:ENQ)‘s stock had its “sell” rating reiterated by Citigroup Inc. in a research report issued to clients and investors on Monday. They presently have a GBX 34 ($0.42) price target on the oil and gas development company’s stock. Citigroup Inc.’s price target would indicate a potential downside of 24.44% from the stock’s current price.
Other equities analysts have also issued research reports about the company. Jefferies Group LLC upgraded Enquest Plc to a “buy” rating and lifted their price objective for the company from GBX 31 ($0.39) to GBX 64 ($0.80) in a research note on Monday, January 9th. Canaccord Genuity reiterated a “hold” rating and set a GBX 30 ($0.37) price objective on shares of Enquest Plc in a research note on Tuesday, October 25th. Macquarie reduced their price objective on Enquest Plc from GBX 80 ($1.00) to GBX 79 ($0.98) and set an “outperform” rating for the company in a research note on Thursday, January 5th. Barclays PLC lifted their price objective on Enquest Plc from GBX 40 ($0.50) to GBX 48 ($0.60) and gave the company an “overweight” rating in a research note on Monday, December 5th. Finally, GMP Securities reiterated a “speculative buy” rating on shares of Enquest Plc in a research note on Wednesday, January 25th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 39.36 ($0.49).
Shares of Enquest Plc (LON:ENQ) opened at 42.65 on Monday. Enquest Plc has a 52-week low of GBX 12.00 and a 52-week high of GBX 56.00. The company has a 50 day moving average price of GBX 46.35 and a 200-day moving average price of GBX 32.54. The stock’s market capitalization is GBX 331.13 million.
In related news, insider Carl Hughes bought 20,000 shares of the stock in a transaction dated Thursday, January 26th. The shares were acquired at an average cost of GBX 48 ($0.60) per share, for a total transaction of £9,600 ($11,958.15). Also, insider Philip Nolan bought 66,667 shares of the stock in a transaction dated Monday, November 21st. The shares were bought at an average price of GBX 23 ($0.29) per share, for a total transaction of £15,333.41 ($19,099.91).
Enquest Plc Company Profile
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.