EnQuest (LON:ENQ) Earns Buy Rating from Shore Capital Group

EnQuest (LON:ENQ)‘s stock had its “buy” rating reissued by stock analysts at Shore Capital Group in a research report issued on Thursday,London Stock Exchange reports.

ENQ has been the subject of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 15 price objective on shares of EnQuest in a research report on Wednesday, February 4th. JPMorgan Chase & Co. boosted their target price on EnQuest from GBX 24 to GBX 25 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, EnQuest presently has an average rating of “Buy” and an average price target of GBX 22.40.

EnQuest Stock Performance

EnQuest stock traded down GBX 1.24 during midday trading on Thursday, reaching GBX 18.52. 18,693,355 shares of the company’s stock were exchanged, compared to its average volume of 9,590,546. EnQuest has a 52 week low of GBX 9.72 and a 52 week high of GBX 21.35. The company has a debt-to-equity ratio of 204.44, a quick ratio of 0.75 and a current ratio of 0.72. The firm has a market cap of £344.67 million, a price-to-earnings ratio of 185.20, a P/E/G ratio of 0.07 and a beta of 0.01. The stock’s 50-day simple moving average is GBX 18.27 and its 200 day simple moving average is GBX 13.63.

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).