Jefferies Financial Group Reiterates “Buy” Rating for EnQuest (LON:ENQ)

EnQuest (LON:ENQ)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a report issued on Wednesday, Marketbeat reports. They presently have a GBX 15 price objective on the oil and gas development company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 18.11% from the company’s previous close.

A number of other research firms have also weighed in on ENQ. Shore Capital reaffirmed a “buy” rating and set a GBX 28 price objective on shares of EnQuest in a research report on Monday, November 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 24 price target on shares of EnQuest in a research report on Monday, November 10th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 20 target price on shares of EnQuest in a report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 21.75.

EnQuest Stock Performance

ENQ remained flat at GBX 12.70 during midday trading on Wednesday. The company’s stock had a trading volume of 643,226 shares, compared to its average volume of 6,082,216. The business has a fifty day moving average of GBX 10.87 and a 200 day moving average of GBX 11.58. The stock has a market cap of £236.10 million, a price-to-earnings ratio of -2.12, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. EnQuest has a 12 month low of GBX 9.72 and a 12 month high of GBX 16.60. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00.

About EnQuest

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).