Enquest (ENQ) Sets New 52-Week Low at $18.00

Enquest Plc (LON:ENQ) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 18 ($0.24) and last traded at GBX 18.48 ($0.24), with a volume of 1326344 shares. The stock had previously closed at GBX 18.36 ($0.24).

ENQ has been the topic of several research analyst reports. Jefferies Financial Group downgraded shares of Enquest to an “underperform” rating and set a GBX 25 ($0.33) price objective on the stock. in a research note on Monday, October 22nd. Royal Bank of Canada downgraded shares of Enquest to an “underperform” rating and decreased their price target for the stock from GBX 55 ($0.72) to GBX 15 ($0.20) in a research note on Monday, January 7th. Barclays downgraded shares of Enquest to an “underweight” rating and decreased their price target for the stock from GBX 45 ($0.59) to GBX 16 ($0.21) in a research note on Thursday, January 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Enquest from GBX 44 ($0.57) to GBX 37 ($0.48) and set a “neutral” rating on the stock in a research note on Tuesday, November 20th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock presently has an average rating of “Sell” and a consensus price target of GBX 24.80 ($0.32).

In other Enquest news, insider Amjad Bseisu purchased 1,907,722 shares of the firm’s stock in a transaction on Friday, January 18th. The shares were purchased at an average price of GBX 19 ($0.25) per share, for a total transaction of £362,467.18 ($473,627.57).

TRADEMARK VIOLATION WARNING: This piece was published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://dakotafinancialnews.com/2019/02/11/enquest-enq-sets-new-52-week-low-at-18-00.html.

About Enquest (LON:ENQ)

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.

Further Reading: Hedge Funds – Risk or Reward?

Receive News & Ratings for Enquest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enquest and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply