EnQuest (LON:ENQ) Price Target Lowered to GBX 27 at Canaccord Genuity Group

EnQuest (LON:ENQ) had its target price lowered by Canaccord Genuity Group from GBX 30 ($0.39) to GBX 27 ($0.35) in a report issued on Thursday, Marketbeat reports. Canaccord Genuity Group currently has a buy rating on the oil and gas development company’s stock.

EnQuest Stock Up 1.2 %

ENQ opened at GBX 11.49 ($0.15) on Thursday. The stock’s fifty day moving average is GBX 12.74 and its 200-day moving average is GBX 14. EnQuest has a one year low of GBX 10.90 ($0.14) and a one year high of GBX 17.82 ($0.23). The company has a market capitalization of £219.50 million, a PE ratio of -1,136.00, a P/E/G ratio of 0.07 and a beta of 1.43. The company has a debt-to-equity ratio of 208.00, a quick ratio of 0.75 and a current ratio of 0.76.

About EnQuest

EnQuest PLC operates as an oil and gas production and development company. The company explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Scolty/Crathes, Greater Kittiwake Area, Alba, Dons area, and Alma/Galia.