Enquest Plc (LON:ENQ) Given Consensus Rating of “Sell” by Analysts

Enquest Plc (LON:ENQ) has been given a consensus rating of “Sell” by the six research firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 21.20 ($0.28).

ENQ has been the topic of several research reports. Canaccord Genuity upgraded Nuvista Energy to a “buy” rating in a research note on Tuesday, April 9th. Numis Securities restated a “buy” rating on shares of 3i Group in a research note on Thursday, May 16th. Barclays restated an “overweight” rating and issued a GBX 310 ($4.05) target price on shares of in a research note on Monday, June 24th. Finally, Jefferies Financial Group restated a “hold” rating on shares of COMPASS GRP PLC/S in a research note on Tuesday, April 9th.

In related news, insider Amjad Bseisu acquired 1,037,334 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were bought at an average cost of GBX 19 ($0.25) per share, for a total transaction of £197,093.46 ($257,537.51). Also, insider Stefan Ricketts sold 57,540 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of GBX 19 ($0.25), for a total value of £10,932.60 ($14,285.38). Over the last quarter, insiders have purchased 4,786,732 shares of company stock worth $93,759,936.

Shares of ENQ opened at GBX 23.26 ($0.30) on Tuesday. The company has a market capitalization of $394.34 million and a price-to-earnings ratio of 2.30. The company has a fifty day moving average price of GBX 20.74. The company has a debt-to-equity ratio of 279.19, a quick ratio of 0.43 and a current ratio of 0.69. Enquest has a 1 year low of GBX 15.26 ($0.20) and a 1 year high of GBX 38.12 ($0.50).

About Enquest

EnQuest PLC, an oil and gas development and production company, together with its subsidiaries, explores for, extracts, and produces hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The company operates through North Sea and Malaysia segments. It primarily holds interests in the Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater Kittiwake Area, Scolty/Crathes, and Alma/Galia; and in the Kraken development, and a non-operated interest in the Alba producing oil field, as well as the PM8/Seligi production sharing contract and the Tanjong Baram risk services contract in Malaysia.

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Analyst Recommendations for Enquest (LON:ENQ)

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