Shore Capital Group Reaffirms Buy Rating for EnQuest (LON:ENQ)

EnQuest (LON:ENQ)‘s stock had its “buy” rating restated by Shore Capital Group in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

A number of other research firms also recently weighed in on ENQ. Jefferies Financial Group reissued a “buy” rating and issued a GBX 15 target price on shares of EnQuest in a report on Wednesday, February 4th. JPMorgan Chase & Co. raised shares of EnQuest to a “neutral” rating and upped their price target for the company from GBX 11 to GBX 25 in a research report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EnQuest has a consensus rating of “Moderate Buy” and a consensus price target of GBX 22.40.

EnQuest Price Performance

LON ENQ opened at GBX 17.40 on Wednesday. The stock has a market capitalization of £323.48 million, a price-to-earnings ratio of -2.90, a PEG ratio of 0.07 and a beta of 0.25. EnQuest has a 1-year low of GBX 9.72 and a 1-year high of GBX 21.35. The company has a debt-to-equity ratio of 298.30, a current ratio of 0.89 and a quick ratio of 0.75. The business’s fifty day moving average price is GBX 15.24 and its 200-day moving average price is GBX 12.50.

EnQuest Company Profile

EnQuest is providing creative solutions through the energy transition.

EnQuest is an independent energy company. We focus on mature late-life assets, responsibly optimising production to provide energy security. Where we can, we repurpose our infrastructure to deliver renewable energy and decarbonisation projects before executing world-class decommissioning.

Shares in the Company trade on the London Stock Exchange (ENQ.L).