Enquest Plc (LON:ENQ) Receives GBX 21.50 Average PT from Brokerages
Enquest Plc (LON:ENQ) has received an average recommendation of “Sell” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 21.50 ($0.28).
A number of equities research analysts recently issued reports on ENQ shares. Barclays lowered their price objective on Enquest from GBX 23 ($0.30) to GBX 21 ($0.27) and set an “underweight” rating on the stock in a research report on Thursday, October 10th. Canaccord Genuity lowered their price objective on Enquest from GBX 20 ($0.26) to GBX 15 ($0.20) and set a “hold” rating on the stock in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reiterated an “underperform” rating on shares of Enquest in a research report on Thursday, September 12th.
In other Enquest news, insider Amjad Bseisu acquired 120,686 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were bought at an average price of GBX 19 ($0.25) per share, for a total transaction of £22,930.34 ($29,962.55). Also, insider Helmut Langanger acquired 200,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of GBX 20 ($0.26) per share, for a total transaction of £40,000 ($52,267.08). Insiders purchased 3,517,274 shares of company stock worth $66,883,167 in the last quarter.
EnQuest PLC, an oil and gas development and production company, together with its subsidiaries, explores for, extracts, and produces hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The company operates through North Sea and Malaysia segments. It primarily holds interests in the Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater Kittiwake Area, Scolty/Crathes, and Alma/Galia; and in the Kraken development, and a non-operated interest in the Alba producing oil field, as well as the PM8/Seligi production sharing contract and the Tanjong Baram risk services contract in Malaysia.
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