Enquest Plc (LON:ENQ) was downgraded by analysts at Barclays PLC to an “underweight” rating in a research report issued to clients and investors on Friday. They currently have a GBX 34 ($0.44) price objective on the oil and gas development company’s stock, down from their prior price objective of GBX 44 ($0.57). Barclays PLC’s target price indicates a potential upside of 25.93% from the stock’s current price.
Several other research firms have also issued reports on ENQ. Jefferies Group reiterated a “hold” rating and set a GBX 31 ($0.40) target price on shares of Enquest Plc in a report on Tuesday, June 21st. Liberum Capital upped their target price on Enquest Plc from GBX 10 ($0.13) to GBX 25 ($0.33) and gave the stock a “sell” rating in a report on Wednesday, June 29th. Canaccord Genuity reiterated a “buy” rating and set a GBX 50 ($0.65) target price on shares of Enquest Plc in a report on Tuesday, July 19th. Numis Securities Ltd reiterated an “under review” rating on shares of Enquest Plc in a report on Monday, July 25th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 50 ($0.65) target price on shares of Enquest Plc in a report on Friday, September 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Enquest Plc has a consensus rating of “Hold” and an average target price of GBX 36.96 ($0.48).
Shares of Enquest Plc (LON:ENQ) opened at 26.50 on Friday. The firm’s market cap is GBX 205.75 million. Enquest Plc has a one year low of GBX 10.50 and a one year high of GBX 42.10. The stock’s 50 day moving average price is GBX 27.35 and its 200 day moving average price is GBX 28.65.
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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