Enquest Plc (LON:ENQ) insider Jock Fyfe Lennox purchased 28,732 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was bought at an average price of GBX 19 ($0.25) per share, with a total value of £5,459.08 ($7,133.25).
Shares of LON ENQ traded down GBX 0.40 ($0.01) during mid-day trading on Friday, reaching GBX 21.36 ($0.28). The company had a trading volume of 2,818,092 shares, compared to its average volume of 8,310,000. The company has a debt-to-equity ratio of 279.19, a current ratio of 0.69 and a quick ratio of 0.43. The company has a market capitalization of $346.30 million and a price-to-earnings ratio of 2.11. Enquest Plc has a 52-week low of GBX 15.26 ($0.20) and a 52-week high of GBX 38.59 ($0.50).
ENQ has been the topic of several research reports. Barclays reissued an “underweight” rating on shares of Enquest in a report on Tuesday, April 16th. Canaccord Genuity upped their price target on shares of Enquest from GBX 20 ($0.26) to GBX 22 ($0.29) and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Royal Bank of Canada downgraded shares of Enquest to an “underperform” rating and reduced their price target for the stock from GBX 55 ($0.72) to GBX 15 ($0.20) in a research report on Monday, January 7th. JPMorgan Chase & Co. reduced their price target on shares of Enquest from GBX 37 ($0.48) to GBX 35 ($0.46) and set a “neutral” rating for the company in a research report on Friday, March 1st. Finally, Jefferies Financial Group downgraded shares of Enquest to an “underperform” rating and reduced their price target for the stock from GBX 35 ($0.46) to GBX 15 ($0.20) in a research report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Enquest has a consensus rating of “Sell” and an average target price of GBX 20.80 ($0.27).
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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