Enquest Plc (LON:ENQ) had its price target cut by research analysts at Macquarie from GBX 30 ($0.39) to GBX 10 ($0.13) in a report released on Wednesday, June 21st. The brokerage presently has an “underperform” rating on the oil and gas development company’s stock. Macquarie’s target price suggests a potential downside of 68.99% from the company’s previous close.
A number of other research firms also recently weighed in on ENQ. Jefferies Group LLC reissued a “buy” rating and issued a GBX 64 ($0.84) price target on shares of Enquest Plc in a research note on Wednesday, May 17th. Barclays PLC cut their price target on Enquest Plc from GBX 53 ($0.69) to GBX 40 ($0.52) and set an “underweight” rating on the stock in a research note on Tuesday, April 11th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Enquest Plc in a research note on Wednesday, March 22nd. Finally, GMP Securities reissued a “speculative buy” rating on shares of Enquest Plc in a research note on Thursday, May 25th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of GBX 41 ($0.54).
Shares of Enquest Plc (LON ENQ) remained flat at GBX 32.25 during trading on Wednesday. 1,268,427 shares of the company’s stock traded hands. The stock’s 50 day moving average price is GBX 34.29 and its 200 day moving average price is GBX 41.89. Enquest Plc has a 52-week low of GBX 22.00 and a 52-week high of GBX 56.00. The firm’s market capitalization is GBX 363.08 million.
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About Enquest Plc
EnQuest PLC is a United Kingdom-based oil and gas development and production company. The Company’s principal activities are the exploration for, and extraction and production of, hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The Company focuses on maturing assets and undeveloped oil fields.
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