Canaccord Genuity Group Lowers EnQuest (LON:ENQ) Price Target to GBX 30

EnQuest (LON:ENQ) had its target price reduced by Canaccord Genuity Group from GBX 33 ($0.42) to GBX 30 ($0.38) in a research report issued on Wednesday, Digital Look reports. The brokerage presently has a “speculative buy” rating on the oil and gas development company’s stock. Canaccord Genuity Group’s target price points to a potential upside of 125.90% from the stock’s current price.

EnQuest Trading Up 1.7 %

ENQ traded up GBX 0.22 ($0.00) during trading on Wednesday, hitting GBX 13.28 ($0.17). The company’s stock had a trading volume of 1,033,261 shares, compared to its average volume of 4,141,502. EnQuest has a twelve month low of GBX 11.17 ($0.14) and a twelve month high of GBX 18.57 ($0.24). The stock has a market cap of £253.65 million, a PE ratio of -1,328.00, a PEG ratio of 0.07 and a beta of 1.44. The firm’s 50 day moving average price is GBX 14.76 and its 200-day moving average price is GBX 14.27. The company has a debt-to-equity ratio of 262.16, a current ratio of 0.87 and a quick ratio of 0.75.

EnQuest Company Profile

EnQuest PLC operates as an oil and gas production and development company. The company explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Scolty/Crathes, Greater Kittiwake Area, Alba, Dons area, and Alma/Galia.