Insider Buying: EnQuest (LON:ENQ) Insider Purchases 1,500 Shares of Stock

Key Points

• Insider Marianne Daryabegui bought 1,500 shares of EnQuest at an average price of GBX 11 per share, totaling £165, on October 9th.
• Brokerages have recently increased their price targets for EnQuest, with Canaccord Genuity raising their target from GBX 19 to GBX 20 and Shore Capital setting a target of GBX 28.
• The current market capitalization of EnQuest stands at £196.50 million, with a negative PE ratio of -176.17 and a consensus target price of GBX 24.

EnQuest PLC (LON:ENQ - Get Free Report) insider Marianne Daryabegui bought 1,500 shares of the business's stock in a transaction on Thursday, October 9th. The stock was purchased at an average price of GBX 11 per share, with a total value of £165.

Marianne Daryabegui also recently made the following trade(s):

• On Friday, October 10th, Marianne Daryabegui acquired 166,660 shares of EnQuest stock. The shares were bought at an average price of GBX 11 per share, with a total value of £18,332.60.

EnQuest Price Performance

Shares of LON:ENQ traded up GBX 0.25 on Monday, reaching GBX 10.57. 3,841,133 shares of the company traded hands, compared to its average volume of 3,038,091. EnQuest PLC has a fifty-two week low of GBX 10.24 and a fifty-two week high of GBX 16.60. The company's 50 day moving average is GBX 12.12 and its 200-day moving average is GBX 12.68. The stock has a market capitalization of £196.50 million, a PE ratio of -176.17, a P/E/G ratio of 0.07 and a beta of 1.43. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75.

Analysts Set New Price Targets

A number of brokerages have recently commented on ENQ. Canaccord Genuity Group increased their price objective on EnQuest from GBX 19 to GBX 20 and gave the company a "buy" rating in a research report on Friday, September 26th. Shore Capital restated a "buy" rating and issued a GBX 28 target price on shares of EnQuest in a report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of GBX 24.

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.

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