Royal Bank of Canada lowered shares of Enquest (LON:ENQ) to an underperform rating in a research report released on Monday. Royal Bank of Canada currently has GBX 15 ($0.20) price target on the oil and gas development company’s stock, down from their prior price target of GBX 55 ($0.72).
ENQ has been the subject of several other research reports. JPMorgan Chase & Co. lowered their price target on shares of Enquest from GBX 44 ($0.57) to GBX 37 ($0.48) and set a neutral rating for the company in a research report on Tuesday, November 20th. Barclays reissued an equal weight rating on shares of Enquest in a research note on Wednesday, October 10th. Finally, Jefferies Financial Group lowered shares of Enquest to an underperform rating and set a GBX 25 ($0.33) price target on the stock. in a research note on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 24.60 ($0.32).
Shares of Enquest stock opened at GBX 21.25 ($0.28) on Monday. Enquest has a 12-month low of GBX 22.50 ($0.29) and a 12-month high of GBX 47.25 ($0.62).
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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