Barclays PLC cut shares of Enquest Plc (LON:ENQ) to an underweight rating in a research report released on Friday. The brokerage currently has GBX 34 ($0.44) price objective on the oil and gas development company’s stock, down from their previous price objective of GBX 44 ($0.57).
Other equities research analysts have also recently issued reports about the company. Canaccord Genuity reaffirmed a buy rating and issued a GBX 50 ($0.65) target price on shares of Enquest Plc in a report on Tuesday, July 19th. Jefferies Group reissued a hold rating and set a GBX 31 ($0.40) price objective on shares of Enquest Plc in a research note on Tuesday, June 21st. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 50 ($0.65) price objective on shares of Enquest Plc in a research note on Friday, September 9th. Citigroup Inc. reduced their price objective on Enquest Plc from GBX 42 ($0.55) to GBX 36 ($0.47) and set a neutral rating on the stock in a research note on Monday, September 12th. Finally, Macquarie boosted their price objective on Enquest Plc from GBX 54 ($0.70) to GBX 78 ($1.02) and gave the stock an outperform rating in a research note on Friday, September 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 36.96 ($0.48).
Shares of Enquest Plc (LON:ENQ) opened at 25.0625 on Friday. The company’s 50-day moving average price is GBX 27.49 and its 200-day moving average price is GBX 28.99. Enquest Plc has a one year low of GBX 10.50 and a one year high of GBX 42.10. The stock’s market cap is GBX 194.59 million.
Enquest Plc Company Profile
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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