EnQuest (LON:ENQ) Given New GBX 35 Price Target at JPMorgan Chase & Co.

EnQuest (LON:ENQ) had its target price boosted by JPMorgan Chase & Co. from GBX 29 to GBX 35 in a research note issued on Friday,Digital Look reports. The firm currently has an “overweight” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 48.24% from the company’s current price.

A number of other analysts have also commented on the stock. Shore Capital Group reaffirmed a “buy” rating on shares of EnQuest in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “restricted” rating and issued a GBX 25 price target on shares of EnQuest in a research note on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 26.40.

EnQuest Price Performance

Shares of ENQ stock opened at GBX 23.61 on Friday. The firm has a market cap of £439.40 million, a price-to-earnings ratio of 236.10, a PEG ratio of 0.07 and a beta of 0.00. EnQuest has a 12 month low of GBX 9.72 and a 12 month high of GBX 27.39. The company has a quick ratio of 0.75, a current ratio of 0.72 and a debt-to-equity ratio of 204.44. The stock has a 50-day moving average price of GBX 20.91 and a 200 day moving average price of GBX 17.06.

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).