Insider Buying: EnQuest PLC (LON:ENQ) Insider Purchases 62,500 Shares of Stock

EnQuest PLC (LON:ENQ) insider Gareth Penny acquired 62,500 shares of EnQuest stock in a transaction on Monday, October 30th. The shares were bought at an average price of GBX 16 ($0.19) per share, for a total transaction of £10,000 ($12,168.41).

EnQuest Price Performance

Shares of ENQ stock opened at GBX 16.16 ($0.20) on Wednesday. The firm has a market cap of £305.42 million, a P/E ratio of -134.67, a P/E/G ratio of 0.07 and a beta of 1.59. EnQuest PLC has a 1-year low of GBX 13.48 ($0.16) and a 1-year high of GBX 29.86 ($0.36). The firm has a fifty day moving average of GBX 15.33 and a two-hundred day moving average of GBX 15.95. The company has a debt-to-equity ratio of 285.77, a current ratio of 0.70 and a quick ratio of 0.75.

Wall Street Analyst Weigh In

Several research firms recently commented on ENQ. Barclays reissued an “equal weight” rating and set a GBX 22 ($0.27) price target on shares of EnQuest in a research report on Tuesday, September 12th. Jefferies Financial Group raised shares of EnQuest to a “buy” rating and set a GBX 20 ($0.24) target price on the stock in a research report on Monday, July 10th.

EnQuest Company Profile

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.