Barclays Capital reiterated EnQuest Plc (LON:ENQ) to Underweight in a statement released earlier today.
- Updated: February 12, 2017
Barclays Capital has reiterated EnQuest Plc (LON:ENQ) to Underweight in a report released on Thursday February 09, 2017.
Previously on Monday February 06, 2017, Citigroup reported on EnQuest Plc (LON:ENQ) bumped up the target price from 0.00GBX to 34.00GBX. At the time, this indicated a possible downside of -0.27%.
Only yesterday EnQuest Plc (LON:ENQ) traded 8.94% higher at 44.50GBX. EnQuest Plc’s 50-day moving average is 47.47GBX and its 200-day moving average is 33.71GBX. With the last close up 33.51% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 8,819,135 shares of EnQuest Plc exchanged hands, up from an average trading volume of 5,553,660
With a market capitalization of 0 GBX, EnQuest Plc has 52 week low of 12.43GBX and a 52 week high of 56.00GBX .
Also covering EnQuest Plc's target, a total of 14 equity analysts have released a ratings update on EnQuest Plc. The 12-month price target is 0.48GBX with three analysts rating the company a strong buy, four analysts rating the company a buy, 9 brokers rating the stock a hold, 0 brokers rating the company a underperform, and lastly one brokerage rating the company a sell.
General Information About EnQuest Plc (LON:ENQ)
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. Its geographical segments include the North Sea and Malaysia. The Company's the United Kingdom assets include its interests in the producing operated oil fields Heather/Broom, Thistle/Deveron, the Dons area, the Greater Kittiwake Area and Alma/Galia, also in the Kraken and Scolty/Crathes developments. The Company also has a non operated interest in the producing Alba oil field. In Malaysia, the Company's operated assets include the PM8/Seligi Production Sharing Contract and the Tanjong Baram Risk Services Contract. Its subsidiaries include EnQuest Britain Limited, EnQuest Marketing and Trading Limited, and NSIP (GKA) Limited.
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