Jefferies Financial Group Reaffirms Buy Rating for EnQuest (LON:ENQ)

EnQuest (LON:ENQ)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 15 price objective on the oil and gas development company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 18.11% from the company’s previous close.

Several other research analysts also recently commented on the stock. Peel Hunt reaffirmed a “buy” rating and issued a GBX 24 price objective on shares of EnQuest in a report on Monday, November 10th. Canaccord Genuity Group restated a “buy” rating and set a GBX 20 target price on shares of EnQuest in a research report on Thursday, November 13th. Finally, Shore Capital reaffirmed a “buy” rating and issued a GBX 28 price target on shares of EnQuest in a report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 21.75.

EnQuest Price Performance

LON ENQ opened at GBX 12.70 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00. The company has a market cap of £236.10 million, a PE ratio of -2.12, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. EnQuest has a 52 week low of GBX 9.72 and a 52 week high of GBX 16.60. The firm’s 50-day simple moving average is GBX 10.91 and its two-hundred day simple moving average is GBX 11.59.

About EnQuest

EnQuest is providing creative solutions through the energy transition.

EnQuest is an independent energy company. We focus on mature late-life assets, responsibly optimising production to provide energy security. Where we can, we repurpose our infrastructure to deliver renewable energy and decarbonisation projects before executing world-class decommissioning.

Shares in the Company trade on the London Stock Exchange (ENQ.L).