EnQuest's (ENQ) "Buy" Rating Reaffirmed at Shore Capital

Key Points

• Analysts at Shore Capital have reiterated a "buy" rating for EnQuest (LON:ENQ), setting a price target of GBX 28, indicating a potential upside of 137.29% from its current price.
• EnQuest's stock opened at GBX 11.80 and has fluctuated between a one-year low of GBX 9.95 and a high of GBX 16.60, reflecting a 0.2% increase on Wednesday.
• The company focuses on optimizing production from late-life assets and delivering energy security while repurposing infrastructure for renewable energy and decarbonization projects.

EnQuest (LON:ENQ - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Shore Capital in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 28 price objective on the oil and gas development company's stock. Shore Capital's price target suggests a potential upside of 137.29% from the company's current price.

EnQuest Stock Up 0.2%

Shares of LON ENQ opened at GBX 11.80 on Wednesday. EnQuest has a 1 year low of GBX 9.95 and a 1 year high of GBX 16.60. The firm's 50-day moving average is GBX 12.61 and its 200-day moving average is GBX 12.81. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 208.00. The firm has a market capitalization of £219.37 million, a PE ratio of 240.82, a price-to-earnings-growth 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.