EnQuest (LON:ENQ) Given Buy Rating at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of EnQuest (LON:ENQ) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a GBX 15 price target on the oil and gas development company’s stock.

Several other analysts have also issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 20 target price on shares of EnQuest in a research note on Thursday, November 13th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 24 target price on shares of EnQuest in a report on Monday, November 10th. Finally, Shore Capital reiterated a “buy” rating and set a GBX 28 price target on shares of EnQuest in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 21.75.

EnQuest Stock Performance

ENQ remained flat at GBX 12.70 during midday trading on Wednesday. The company’s stock had a trading volume of 643,226 shares, compared to its average volume of 6,082,216. EnQuest has a 1 year low of GBX 9.72 and a 1 year high of GBX 16.60. The company has a debt-to-equity ratio of 208.00, a quick ratio of 0.75 and a current ratio of 0.76. The stock has a 50 day moving average of GBX 10.87 and a two-hundred day moving average of GBX 11.58. The company has a market cap of £236.10 million, a P/E ratio of -2.12, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43.

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.

Shares in the Company trade on the London Stock Exchange (ENQ.L).