Insider Buying: EnQuest (LON:ENQ) Insider Purchases £18,332.60 in Stock

EnQuest PLC (LON:ENQ) insider Marianne Daryabegui purchased 166,660 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were purchased at an average cost of GBX 11 per share, for a total transaction of £18,332.60.

Marianne Daryabegui also recently made the following trade(s):

• On Thursday, October 9th, Marianne Daryabegui acquired 1,500 shares of EnQuest stock. The stock was purchased at an average price of GBX 11 per share, with a total value of £165.

EnQuest Stock Performance

Shares of LON:ENQ opened at GBX 10.28 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 208.00. EnQuest PLC has a 1-year low of GBX 9.87 and a 1-year high of GBX 16.60. The stock has a market capitalization of £191.11 million, a P/E ratio of -171.33, a P/E/G ratio of 0.07 and a beta of 1.43. The business has a 50-day moving average price of GBX 11.96 and a two-hundred day moving average price of GBX 12.61.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of EnQuest from GBX 19 to GBX 20 and gave the company a “buy” rating in a research note on Friday, September 26th. Shore Capital reissued a “buy” rating and set a GBX 28 price objective on shares of EnQuest in a research report on Wednesday, September 24th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 24.

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.