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

Key Points

• Shore Capital reissued a "Buy" rating on EnQuest; analysts' consensus is a Moderate Buy (four Buy, one Hold) with an average price target of GBX 22.40.
• EnQuest shares opened at GBX 17.40, down about 6.3%, trading below the average target and within a 12‑month range of GBX 9.72–21.35; the company has a market cap of £323.5m, a negative P/E and a high debt‑to‑equity ratio (298.3).
• EnQuest positions itself in the energy transition by optimising mature late‑life assets and repurposing infrastructure for renewables and decarbonisation ahead of decommissioning.

EnQuest (LON:ENQ - Get Free Report)'s stock had its "buy" rating reissued by equities researchers at Shore Capital Group in a report released on Wednesday, Marketbeat Ratings reports.

A number of other equities analysts have also recently issued reports on ENQ. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 15 price target on shares of EnQuest in a research note on Wednesday, February 4th. JPMorgan Chase & Co. upgraded shares of EnQuest to a "neutral" rating and raised their price objective for the company from GBX 11 to GBX 25 in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 22.40.

EnQuest Trading Down 6.3%

EnQuest stock opened at GBX 17.40 on Wednesday. EnQuest has a 12 month low of GBX 9.72 and a 12 month high of GBX 21.35. The company has a market capitalization of £323.48 million, a price-to-earnings ratio of -2.90, a price-to-earnings-growth ratio of 0.07 and a beta of 0.25. The business's fifty day simple moving average is GBX 15.24 and its two-hundred day simple moving average is GBX 12.50. The company has a current ratio of 0.89, a quick ratio of 0.75 and a debt-to-equity ratio of 298.30.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.