Enquest (LON:ENQ) Price Target Cut to GBX 21

Enquest (LON:ENQ) had its price target decreased by Barclays from GBX 23 ($0.30) to GBX 21 ($0.27) in a research report report published on Thursday, ThisIsMoney.Co.Uk reports. Barclays currently has an underweight rating on the oil and gas development company’s stock.

Separately, Royal Bank of Canada reissued an underperform rating on shares of Enquest in a research note on Thursday, September 12th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Enquest currently has an average rating of Sell and a consensus price target of GBX 21.60 ($0.28).

Shares of LON ENQ traded up GBX 0.37 ($0.00) during trading hours on Thursday, hitting GBX 19.27 ($0.25). The company’s stock had a trading volume of 3,243,114 shares, compared to its average volume of 8,310,000. The company has a debt-to-equity ratio of 245.01, a quick ratio of 0.57 and a current ratio of 0.68. The stock has a market cap of $326.71 million and a price-to-earnings ratio of 2.24. Enquest has a 12 month low of GBX 15.26 ($0.20) and a 12 month high of GBX 32.20 ($0.42). The business has a 50-day simple moving average of GBX 19 and a 200-day simple moving average of GBX 20.09.

In related news, insider Helmut Langanger acquired 200,000 shares of the stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of GBX 20 ($0.26) per share, for a total transaction of £40,000 ($52,267.08). Also, insider Amjad Bseisu acquired 120,686 shares of the stock in a transaction on Tuesday, October 1st. The stock was bought at an average price of GBX 19 ($0.25) per share, with a total value of £22,930.34 ($29,962.55). Insiders purchased 1,217,479 shares of company stock worth $23,332,101 over the last three months.

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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