EnQuest’s (ENQ) Buy Rating Reiterated at Shore Capital Group

Shore Capital Group reiterated their buy rating on shares of EnQuest (LON:ENQ) in a research report sent to investors on Wednesday, MarketBeat Ratings reports.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 15 price objective on shares of EnQuest in a report on Wednesday, February 4th. JPMorgan Chase & Co. upgraded EnQuest to a “neutral” rating and raised their target price for the company from GBX 11 to GBX 25 in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 22.40.

EnQuest Stock Up 1.8%

Shares of LON ENQ opened at GBX 19.40 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.72 and a debt-to-equity ratio of 204.44. The firm has a market cap of £360.58 million, a PE ratio of -3.23, a P/E/G ratio of 0.07 and a beta of 1.12. The company’s fifty day simple moving average is GBX 15.66 and its 200 day simple moving average is GBX 12.64. EnQuest has a 12-month low of GBX 9.72 and a 12-month high of GBX 21.35.

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).