Canaccord Genuity Group Reaffirms “Buy” Rating for EnQuest (LON:ENQ)

EnQuest (LON:ENQ)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 20 price objective on the oil and gas development company’s stock. Canaccord Genuity Group’s price objective indicates a potential upside of 68.63% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Shore Capital restated a “buy” rating and set a GBX 28 price objective on shares of EnQuest in a research report on Monday. Peel Hunt reiterated a “buy” rating and issued a GBX 24 price target on shares of EnQuest in a research note on Monday. Three analysts have rated the stock with a Buy rating, According to MarketBeat, EnQuest presently has a consensus rating of “Buy” and an average price target of GBX 24.

EnQuest Stock Down 2.0%

Shares of LON ENQ traded down GBX 0.24 during mid-day trading on Thursday, reaching GBX 11.86. 2,633,240 shares of the company’s stock were exchanged, compared to its average volume of 3,124,878. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 208.00. EnQuest has a twelve month low of GBX 9.72 and a twelve month high of GBX 16.60. The business has a fifty day simple moving average of GBX 11.40 and a 200 day simple moving average of GBX 12.27. The firm has a market capitalization of £220.48 million, a price-to-earnings ratio of -1.98, a PEG ratio of 0.07 and a beta of 1.43.

Insider Transactions at EnQuest

In related news, insider Marianne Daryabegui purchased 166,660 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were purchased at an average cost of GBX 11 per share, for a total transaction of £18,332.60. 13.31% of the stock is currently owned by 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.