Enquest (LON:ENQ) had its price objective lowered by JPMorgan Chase & Co. from GBX 44 ($0.57) to GBX 37 ($0.48) in a research note published on Tuesday morning. The firm currently has a neutral rating on the oil and gas development company’s stock.
Other research analysts have also issued reports about the stock. Barclays reiterated an equal weight rating on shares of Enquest in a report on Wednesday, October 10th. Jefferies Financial Group lowered shares of Enquest to an underperform rating and set a GBX 25 ($0.33) price objective on the stock. in a report on Monday, October 22nd. Finally, Royal Bank of Canada upgraded shares of Enquest to an outperform rating and set a GBX 53 ($0.69) price objective on the stock in a report on Friday, September 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of GBX 38 ($0.50).
Shares of ENQ stock opened at GBX 23.35 ($0.31) on Tuesday. Enquest has a 1-year low of GBX 22.50 ($0.29) and a 1-year high of GBX 47.25 ($0.62).
Enquest Company Profile
EnQuest PLC, an oil and gas development and production company, together with its subsidiaries, explores for, extracts, and produces hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The company operates through North Sea and Malaysia segments. It primarily holds interests in the Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater Kittiwake Area, Scolty/Crathes, and Alma/Galia; and in the Kraken development, and a non-operated interest in the Alba producing oil field, as well as the PM8/Seligi production sharing contract and the Tanjong Baram risk services contract in Malaysia.
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