EnQuest (LON:ENQ) PT Lowered to GBX 30 at Canaccord Genuity Group

EnQuest (LON:ENQ) had its price objective cut by Canaccord Genuity Group from GBX 33 ($0.42) to GBX 30 ($0.38) in a report published on Wednesday morning, Marketbeat reports. They currently have a speculative buy rating on the oil and gas development company’s stock.

EnQuest Trading Up 0.3 %

EnQuest stock opened at GBX 13.24 ($0.17) on Wednesday. The stock has a 50-day moving average price of GBX 14.59 and a 200 day moving average price of GBX 14.24. The company has a market capitalization of £252.88 million, a price-to-earnings ratio of -1,324.00, a price-to-earnings-growth ratio of 0.07 and a beta of 1.44. EnQuest has a 52 week low of GBX 11.17 ($0.14) and a 52 week high of GBX 18.57 ($0.24). The company has a quick ratio of 0.75, a current ratio of 0.87 and a debt-to-equity ratio of 262.16.

EnQuest Company Profile

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.