EnQuest (LON:ENQ) Given House Stock Rating at Shore Capital Group

EnQuest (LON:ENQ)‘s stock had its “house stock” rating reiterated by Shore Capital Group in a research report issued on Thursday, London Stock Exchange reports. They currently have a GBX 41 price target on the oil and gas development company’s stock. Shore Capital Group’s price objective points to a potential upside of 58.61% from the company’s current price.

Several other equities analysts also recently issued reports on ENQ. Jefferies Financial Group reiterated a “restricted” rating and issued a GBX 25 price objective on shares of EnQuest in a research report on Thursday, June 11th. JPMorgan Chase & Co. lifted their price target on EnQuest from GBX 29 to GBX 35 and gave the company an “overweight” rating in a report on Friday, July 3rd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 29.

EnQuest Stock Performance

LON:ENQ opened at GBX 25.85 on Thursday. The stock has a market capitalization of £481.09 million, a P/E ratio of 258.50, a price-to-earnings-growth ratio of 0.07 and a beta of 0.02. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 204.44. EnQuest has a 1 year low of GBX 9.72 and a 1 year high of GBX 28.06. The firm has a 50 day moving average of GBX 24.36 and a 200-day moving average of GBX 21.20.

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).