Enquest Plc (ENQ) PT Lowered to GBX 41 at J P Morgan Chase & Co

Enquest Plc (LON:ENQ) had its price target reduced by J P Morgan Chase & Co from GBX 50 ($0.65) to GBX 41 ($0.53) in a research note released on Friday, MarketBeat reports. They currently have a neutral rating on the oil and gas development company’s stock.

Several other research firms also recently issued reports on ENQ. Macquarie restated an underperform rating and issued a GBX 10 ($0.13) price objective on shares of Enquest Plc in a research note on Tuesday, August 29th. Jefferies Group LLC restated a buy rating and issued a GBX 64 ($0.83) price objective on shares of Enquest Plc in a research note on Tuesday, June 27th. Barclays PLC decreased their price objective on shares of Enquest Plc from GBX 40 ($0.52) to GBX 35 ($0.45) and set an underweight rating for the company in a research note on Thursday, June 22nd. Finally, GMP Securities restated a speculative buy rating on shares of Enquest Plc in a research note on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 35.63 ($0.46).

Shares of Enquest Plc (LON ENQ) opened at 26.00 on Friday. Enquest Plc has a 12 month low of GBX 22.50 and a 12 month high of GBX 56.00. The firm’s 50-day moving average price is GBX 30.22 and its 200-day moving average price is GBX 36.29. The firm’s market cap is GBX 292.72 million.

Enquest Plc (LON:ENQ) last released its quarterly earnings data on Wednesday, September 6th. The oil and gas development company reported $0.03 earnings per share (EPS) for the quarter. Enquest Plc had a net margin of 8.16% and a return on equity of 8.69%. Analysts expect that Enquest Plc will post ($0.01) earnings per share for the current year.

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Enquest Plc Company Profile

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.

Analyst Recommendations for Enquest Plc (LON:ENQ)

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