Enquest Plc (ENQ) Insider Buys £417,916.26 in Stock

Enquest Plc (LON:ENQ) insider Amjad Bseisu purchased 2,321,757 shares of the company’s stock in a transaction dated Friday, March 29th. The stock was purchased at an average price of GBX 18 ($0.24) per share, with a total value of £417,916.26 ($546,081.62).

Amjad Bseisu also recently made the following trade(s):

  • On Friday, April 5th, Amjad Bseisu purchased 274,317 shares of Enquest stock. The stock was purchased at an average price of GBX 20 ($0.26) per share, with a total value of £54,863.40 ($71,688.75).
  • On Friday, January 18th, Amjad Bseisu acquired 1,907,722 shares of Enquest stock. The shares were bought at an average price of GBX 19 ($0.25) per share, with a total value of £362,467.18 ($473,627.57).

Shares of LON ENQ traded down GBX 0.80 ($0.01) during midday trading on Friday, hitting GBX 21.34 ($0.28). The stock had a trading volume of 9,071,526 shares, compared to its average volume of 8,310,000. The firm has a market capitalization of $345.97 million and a P/E ratio of 2.11. Enquest Plc has a 1-year low of GBX 15.26 ($0.20) and a 1-year high of GBX 38.59 ($0.50). The company has a debt-to-equity ratio of 279.19, a current ratio of 0.69 and a quick ratio of 0.43.

A number of research firms recently commented on ENQ. Barclays reiterated an “underweight” rating on shares of Enquest in a research report on Tuesday, April 16th. Canaccord Genuity lifted their price objective on 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 cut Enquest to an “underperform” rating and dropped their price objective for the stock from GBX 55 ($0.72) to GBX 15 ($0.20) in a research report on Monday, January 7th. JPMorgan Chase & Co. lowered their price target on Enquest from GBX 37 ($0.48) to GBX 35 ($0.46) and set a “neutral” rating for the company in a report on Friday, March 1st. Finally, Jefferies Financial Group cut Enquest to an “underperform” rating and lowered their price target for the company from GBX 35 ($0.46) to GBX 15 ($0.20) in a report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The company presently has a consensus rating of “Sell” and an average price target of GBX 20.80 ($0.27).

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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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