Enquest Plc’s (ENQ) “Underweight” Rating Reaffirmed at Barclays PLC

Barclays PLC restated their underweight rating on shares of Enquest Plc (LON:ENQ) in a research report report published on Thursday morning. The firm currently has a GBX 53 ($0.66) target price on the oil and gas development company’s stock.

ENQ has been the subject of several other research reports. Macquarie lowered their target price on shares of Enquest Plc from GBX 80 ($1.00) to GBX 79 ($0.99) and set an outperform rating for the company in a report on Thursday, January 5th. Canaccord Genuity reiterated a hold rating and set a GBX 30 ($0.37) price objective on shares of Enquest Plc in a report on Tuesday, October 25th. Jefferies Group LLC upgraded shares of Enquest Plc to a buy rating and lifted their price objective for the company from GBX 31 ($0.39) to GBX 64 ($0.80) in a report on Monday, January 9th. GMP Securities reiterated a speculative buy rating on shares of Enquest Plc in a report on Wednesday, January 25th. Finally, Citigroup Inc. reiterated a sell rating and set a GBX 34 ($0.42) price objective on shares of Enquest Plc in a report on Monday, February 6th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Enquest Plc presently has a consensus rating of Hold and a consensus target price of GBX 39.36 ($0.49).

Analyst Recommendations for Enquest Plc (LON:ENQ)

Enquest Plc (LON:ENQ) opened at 48.00 on Thursday. Enquest Plc has a 52 week low of GBX 12.43 and a 52 week high of GBX 56.00. The company’s market cap is GBX 372.67 million. The stock has a 50 day moving average of GBX 47.47 and a 200 day moving average of GBX 33.71.

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In related news, insider Carl Hughes bought 20,000 shares of the company’s stock in a transaction on Thursday, January 26th. The shares were bought at an average price of GBX 48 ($0.60) per share, with a total value of £9,600 ($11,997.00). Also, insider Philip Nolan bought 66,667 shares of the company’s stock in a transaction on Monday, November 21st. The shares were bought at an average cost of GBX 23 ($0.29) per share, for a total transaction of £15,333.41 ($19,161.97).

About Enquest Plc

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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