Shore Capital Group Reiterates House Stock Rating for EnQuest (LON:ENQ)

EnQuest (LON:ENQ)‘s stock had its “house stock” rating reiterated by stock analysts at Shore Capital Group in a note issued to investors on Thursday, London Stock Exchange reports. They currently have a GBX 41 price target on the oil and gas development company’s stock. Shore Capital Group’s price target points to a potential upside of 58.61% from the stock’s current price.

ENQ has been the subject of several other reports. JPMorgan Chase & Co. upped their target price on shares of EnQuest from GBX 29 to GBX 35 and gave the company an “overweight” rating in a research note on Friday, July 3rd. Jefferies Financial Group restated a “restricted” rating and issued a GBX 25 price target on shares of EnQuest in a research report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 29.

EnQuest Stock Down 5.5%

ENQ stock opened at GBX 25.85 on Thursday. 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 has a 50-day moving average of GBX 24.36 and a two-hundred day moving average of GBX 21.20. The stock has a market capitalization of £481.09 million, a price-to-earnings ratio of 258.50, a price-to-earnings-growth ratio of 0.07 and a beta of 0.02. EnQuest has a 52-week low of GBX 9.72 and a 52-week high of GBX 28.06.

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).