Royal Bank of Canada reissued their underperform rating on shares of Enquest (LON:ENQ) in a report released on Thursday, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently issued reports on ENQ. Barclays boosted their price objective on shares of Enquest from GBX 11 ($0.14) to GBX 19 ($0.25) and gave the company an underweight rating in a research note on Monday, June 24th. Numis Securities reissued an under review rating on shares of Enquest in a research note on Thursday, May 16th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has a consensus rating of Sell and an average target price of GBX 22 ($0.29).

Shares of ENQ opened at GBX 18.99 ($0.25) on Thursday. 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 capitalization of $321.96 million and a P/E ratio of 2.21. The company’s fifty day moving average is GBX 20.28 and its two-hundred day moving average is GBX 19.99. Enquest has a 1 year low of GBX 15.26 ($0.20) and a 1 year high of GBX 37.56 ($0.49).

In related news, insider Helmut Langanger purchased 200,000 shares of the stock in a transaction dated 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 purchased 1,037,334 shares of the stock in a transaction dated Wednesday, July 10th. The shares were bought at an average cost of GBX 19 ($0.25) per share, for a total transaction of £197,093.46 ($257,537.51). Over the last ninety days, insiders have bought 2,642,194 shares of company stock worth $51,286,753.

About Enquest

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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