EnQuest (LON:ENQ) Now Covered by Shore Capital

Equities research analysts at Shore Capital initiated coverage on shares of EnQuest (LON:ENQ - Get Free Report) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a "buy" rating and a GBX 29 ($0.39) price target on the oil and gas development company's stock. Shore Capital's price objective points to a potential upside of 125.16% from the company's previous close.

Separately, Canaccord Genuity Group reissued a "buy" rating on shares of EnQuest in a research report on Monday, March 31st.

EnQuest Stock Performance

Shares of LON:ENQ traded up GBX 0.12 ($0.00) during trading on Tuesday, reaching GBX 12.88 ($0.17). The stock had a trading volume of 9,992,829 shares, compared to its average volume of 3,117,913. The stock has a fifty day simple moving average of GBX 12.51 and a two-hundred day simple moving average of GBX 12.75. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00. EnQuest has a 52 week low of GBX 9.95 ($0.13) and a 52 week high of GBX 16.60 ($0.22). The firm has a market capitalization of £297.39 million, a price-to-earnings ratio of 14.69, a P/E/G ratio of 0.07 and a beta of 1.43.

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.