Shore Capital Group Reiterates Buy Rating for EnQuest (LON:ENQ)

EnQuest (LON:ENQ)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports.

A number of other research firms also recently issued reports on ENQ. Jefferies Financial Group restated a “buy” rating and set a GBX 15 target price on shares of EnQuest in a research report on Wednesday, February 4th. JPMorgan Chase & Co. raised their price target on EnQuest from GBX 24 to GBX 25 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, EnQuest presently has an average rating of “Buy” and an average price target of GBX 22.40.

EnQuest Trading Down 6.3%

ENQ traded down GBX 1.24 during mid-day trading on Thursday, reaching GBX 18.52. The stock had a trading volume of 18,693,355 shares, compared to its average volume of 9,590,546. The stock has a market capitalization of £344.67 million, a P/E ratio of 185.20, a P/E/G ratio of 0.07 and a beta of 0.01. 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’s fifty day simple moving average is GBX 18.27 and its two-hundred day simple moving average is GBX 13.63. EnQuest has a 52 week low of GBX 9.72 and a 52 week high of GBX 21.35.

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).