JPMorgan Chase & Co. Forecasts Strong Price Appreciation for EnQuest (LON:ENQ) Stock

EnQuest (LON:ENQ) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from GBX 24 to GBX 25 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm presently has an “overweight” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 28.07% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Shore Capital Group reiterated a “buy” rating on shares of EnQuest in a report on Wednesday, March 25th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 15 target price on shares of EnQuest in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, EnQuest presently has an average rating of “Buy” and an average target price of GBX 22.40.

EnQuest Stock Up 2.7%

Shares of LON:ENQ opened at GBX 19.52 on Wednesday. The company has a debt-to-equity ratio of 204.44, a quick ratio of 0.75 and a current ratio of 0.72. EnQuest has a 1 year low of GBX 9.72 and a 1 year high of GBX 21.35. The stock has a market capitalization of £363.28 million, a P/E ratio of 195.20, a PEG ratio of 0.07 and a beta of 0.01. The stock has a 50-day simple moving average of GBX 17.15 and a 200-day simple moving average of GBX 13.15.

EnQuest Company Profile

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).