EnQuest (LON:ENQ) Price Target Raised to GBX 25

EnQuest (LON:ENQ) had its target price boosted by equities researchers at JPMorgan Chase & Co. from GBX 24 to GBX 25 in a research note issued to investors on Wednesday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 35.43% from the company’s current price.

Several other equities research analysts have also commented on the stock. Shore Capital Group reissued a “buy” rating on shares of EnQuest in a research note on Wednesday, March 25th. Jefferies Financial Group reissued a “buy” rating and set a GBX 15 price objective on shares of EnQuest in a research note on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 22.40.

EnQuest Price Performance

Shares of LON ENQ opened at GBX 18.46 on Wednesday. EnQuest has a 1 year low of GBX 9.72 and a 1 year high of GBX 21.35. The company has a debt-to-equity ratio of 204.44, a current ratio of 0.72 and a quick ratio of 0.75. The company’s 50-day moving average is GBX 16.85 and its 200 day moving average is GBX 13.06. The stock has a market capitalization of £343.56 million, a P/E ratio of 184.60, a P/E/G ratio of 0.07 and a beta of 0.25.

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).