Enquest (ENQ) Given Under Review Rating at Numis Securities

Enquest (LON:ENQ)‘s stock had its “under review” rating reaffirmed by equities research analysts at Numis Securities in a research note issued on Thursday, ThisIsMoney.Co.Uk reports.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity cut their price target on shares of Enquest from GBX 25 ($0.33) to GBX 20 ($0.26) and set a “hold” rating on the stock in a report on Monday, February 25th. JPMorgan Chase & Co. cut their price target on shares of Enquest from GBX 37 ($0.48) to GBX 35 ($0.46) and set a “neutral” rating on the stock in a report on Friday, March 1st. Jefferies Financial Group downgraded shares of Enquest to an “underperform” rating and cut their price target for the company from GBX 35 ($0.46) to GBX 15 ($0.20) in a report on Tuesday, April 9th. Finally, Barclays restated an “underweight” rating on shares of Enquest in a report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company currently has an average rating of “Sell” and an average target price of GBX 20.80 ($0.27).

Enquest stock opened at GBX 20.10 ($0.26) on Thursday. The firm has a market cap of $318.90 million and a PE ratio of 1.99. The company has a current ratio of 0.69, a quick ratio of 0.43 and a debt-to-equity ratio of 279.19. Enquest has a 1-year low of GBX 15.26 ($0.20) and a 1-year high of GBX 38.59 ($0.50).

In other news, insider Helmut Langanger bought 87,302 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average price of GBX 20 ($0.26) per share, for a total transaction of £17,460.40 ($22,815.11). Also, insider Amjad Bseisu bought 483,688 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of GBX 20 ($0.26) per share, for a total transaction of £96,737.60 ($126,404.81). Insiders have bought a total of 3,195,796 shares of company stock worth $59,243,674 in the last 90 days.

Enquest Company Profile

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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Analyst Recommendations for Enquest (LON:ENQ)

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