EnQuest (LON:ENQ) Price Target Cut to GBX 20

EnQuest (LON:ENQGet Rating) had its target price dropped by stock analysts at Barclays from GBX 28 ($0.33) to GBX 20 ($0.24) in a research note issued to investors on Friday, MarketBeat reports. The firm presently has an “underweight” rating on the oil and gas development company’s stock. Barclays‘s target price suggests a potential downside of 15.61% from the stock’s current price.

Separately, JPMorgan Chase & Co. raised their target price on EnQuest from GBX 42 ($0.49) to GBX 47 ($0.55) and gave the company an “overweight” rating in a research note on Thursday, September 8th.

EnQuest Trading Down 6.1 %

ENQ opened at GBX 23.70 ($0.28) on Friday. The stock has a market cap of £446.96 million and a PE ratio of 71.82. The company has a quick ratio of 0.75, a current ratio of 0.85 and a debt-to-equity ratio of 245.16. The business has a 50 day moving average of GBX 27.89 and a 200-day moving average of GBX 28.15. EnQuest has a 52 week low of GBX 16.90 ($0.20) and a 52 week high of GBX 37.35 ($0.44).

EnQuest Company Profile

(Get Rating)

EnQuest PLC operates as an oil and gas production and development company. The company explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Scolty/Crathes, Greater Kittiwake Area, Alba, Dons area, and Alma/Galia.

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