EnQuest (LON:ENQ) Receives “Buy” Rating from Peel Hunt

EnQuest (LON:ENQ)‘s stock had its “buy” rating reiterated by investment analysts at Peel Hunt in a research note issued on Monday,Digital Look reports. They presently have a GBX 24 target price on the oil and gas development company’s stock. Peel Hunt’s price target would indicate a potential upside of 106.86% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Shore Capital restated a “buy” rating and issued a GBX 28 target price on shares of EnQuest in a research note on Monday. Canaccord Genuity Group raised their price objective on EnQuest from GBX 19 to GBX 20 and gave the stock a “buy” rating in a report on Friday, September 26th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 24.

EnQuest Stock Performance

ENQ stock opened at GBX 11.60 on Monday. EnQuest has a twelve month low of GBX 9.72 and a twelve month high of GBX 16.60. The firm has a market cap of £215.69 million, a price-to-earnings ratio of -1.93, a PEG ratio of 0.07 and a beta of 1.43. The business’s fifty day simple moving average is GBX 11.42 and its two-hundred day simple moving average is GBX 12.30. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00.

Insider Transactions at EnQuest

In other news, insider Marianne Daryabegui bought 166,660 shares of EnQuest stock in a transaction on Friday, October 10th. The stock was acquired at an average cost of GBX 11 per share, for a total transaction of £18,332.60. 13.31% of the stock is owned by company insiders.

About EnQuest

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.