Enquest (LON:ENQ) Price Target Raised to GBX 23 at Barclays

Enquest (LON:ENQ) had its price target increased by Barclays from GBX 19 ($0.25) to GBX 23 ($0.30) in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports. They currently have an underweight rating on the oil and gas development company’s stock.

Several other research analysts also recently commented on the stock. Royal Bank of Canada reaffirmed an underperform rating on shares of Enquest in a research note on Thursday, September 12th. Numis Securities reaffirmed an under review rating on shares of Enquest in a research note on Thursday, May 16th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Enquest presently has a consensus rating of Sell and a consensus price target of GBX 22 ($0.29).

Shares of LON ENQ opened at GBX 20.64 ($0.27) on Friday. The company has a quick ratio of 0.57, a current ratio of 0.68 and a debt-to-equity ratio of 245.01. Enquest has a 52 week low of GBX 15.26 ($0.20) and a 52 week high of GBX 37.56 ($0.49). The firm’s fifty day moving average is GBX 20.06 and its 200 day moving average is GBX 19.97. The company has a market cap of $349.94 million and a price-to-earnings ratio of 2.40.

In related news, insider Helmut Langanger acquired 200,000 shares of Enquest stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of GBX 20 ($0.26) per share, with a total value of £40,000 ($52,267.08). Also, insider Amjad Bseisu acquired 519,793 shares of Enquest stock in a transaction on Friday, July 5th. The shares were bought at an average cost of GBX 19 ($0.25) per share, for a total transaction of £98,760.67 ($129,048.31). Over the last three months, insiders have acquired 3,538,987 shares of company stock worth $68,325,820.

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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