Zacks Investment Research upgraded shares of Enquest (OTCMKTS:ENQUF) from a hold rating to a buy rating in a research report sent to investors on Wednesday. The brokerage currently has $0.50 price objective on the stock.
According to Zacks, “Enquest PLC is an oil and gas development and production company. It focuses on oil and oil linked hydrocarbons. Enquest PLC is based in London, the United Kingdom. “
Shares of ENQUF remained flat at $$0.41 during mid-day trading on Wednesday. Enquest has a 12 month low of $0.31 and a 12 month high of $0.62.
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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