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Macquarie disclosed EnQuest Plc (LON:ENQ), dropping its stock price target to 10.00GBX today

Boasting a price of 29.88GBX, EnQuest Plc (LON:ENQ) traded -2.91% lower on the day. With the last stock price close down -29.51% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. EnQuest Plc has recorded a 50-day average of 29.31GBX and a two hundred day average of 35.46GBX. Trading volume was down over the average, with 2,396,768 shares of ENQ changing hands under the typical 3,393,990

In a report released on 6/21/2017 Macquarie bumped down the target of EnQuest Plc (LON:ENQ) from 30.00GBX to 10.00GBX stating a potential downside of -0.67%.

See Chart Below

EnQuest Plc (LON:ENQ)

EnQuest Plc has a 52 week low of 22.50GBX and a 52 week high of 56.00GBX with a P/E ratio of 3.97 The company’s market cap is currently 0 GBX.

In addition to Macquarie reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is 0.48GBX with 3 firms rating the stock a strong buy, 4 firms rating the stock a buy, 9 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

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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