JPMorgan Chase & Co. Issues Positive Forecast for EnQuest (LON:ENQ) Stock Price

EnQuest (LON:ENQ) had its price objective lifted by JPMorgan Chase & Co. from GBX 25 to GBX 29 in a report issued on Thursday,Digital Look reports. The brokerage presently has an “overweight” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 51.04% from the company’s current price.

ENQ has been the topic of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 15 price target on shares of EnQuest in a report on Wednesday, February 4th. Shore Capital Group reissued a “buy” rating on shares of EnQuest in a research note on Thursday, April 23rd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 23.20.

EnQuest Price Performance

LON:ENQ opened at GBX 19.20 on Thursday. EnQuest has a one year low of GBX 9.72 and a one year high of GBX 21.60. 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 £357.33 million, a price-to-earnings ratio of 192.00, a PEG ratio of 0.07 and a beta of 0.03. The firm’s fifty day moving average is GBX 19.42 and its two-hundred day moving average is GBX 15.29.

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).