Barclays Reaffirms “Underweight” Rating for EnQuest (ENQ)

Barclays reiterated their underweight rating on shares of EnQuest (LON:ENQ) in a report published on Friday morning.

A number of other analysts have also recently issued reports on ENQ. Macquarie restated an underperform rating and set a GBX 10 ($0.13) price objective on shares of EnQuest in a research report on Tuesday, August 29th. Jefferies Group cut EnQuest to a hold rating and lowered their price objective for the company from GBX 64 ($0.86) to GBX 30 ($0.40) in a research report on Tuesday, August 29th. Finally, J P Morgan Chase & Co lowered their price objective on EnQuest from GBX 50 ($0.67) to GBX 41 ($0.55) and set a neutral rating on the stock in a research report on Friday, September 8th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 30 ($0.40).

Shares of EnQuest (LON:ENQ) opened at GBX 27.66 ($0.37) on Friday. EnQuest has a 52 week low of GBX 22.50 ($0.30) and a 52 week high of GBX 56 ($0.75).

In other news, insider Jonathan Swinney sold 121,102 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of GBX 25 ($0.33), for a total transaction of £30,275.50 ($40,545.73).

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About EnQuest

EnQuest PLC is a United Kingdom-based oil and gas development and production company. The Company’s principal activities are the exploration for, and extraction and production of, hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The Company focuses on maturing assets and undeveloped oil fields.

Analyst Recommendations for EnQuest (LON:ENQ)

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