Canaccord Genuity Group Reiterates “Speculative Buy” Rating for EnQuest (LON:ENQ)

Canaccord Genuity Group restated their speculative buy rating on shares of EnQuest (LON:ENQ) in a research report report published on Tuesday, Price Targets.com reports. Canaccord Genuity Group currently has a GBX 35 ($0.48) price target on the oil and gas development company’s stock.

Other equities research analysts have also recently issued reports about the company. Barclays reissued an overweight rating and set a GBX 39 ($0.53) price target on shares of EnQuest in a report on Thursday, November 18th. raised their price target on EnQuest from GBX 26 ($0.35) to GBX 35 ($0.48) and gave the company a speculative buy rating in a report on Wednesday, October 13th.

Shares of EnQuest stock opened at GBX 22.10 ($0.30) on Tuesday. The company has a debt-to-equity ratio of 5,410.93, a quick ratio of 0.48 and a current ratio of 0.54. The stock’s fifty day moving average is GBX 19.53 and its 200 day moving average is GBX 21.86. The stock has a market cap of £416.79 million and a P/E ratio of -2.33. EnQuest has a one year low of GBX 12 ($0.16) and a one year high of GBX 27.40 ($0.37).

In other news, insider John Winterman acquired 200,000 shares of the business’s stock in a transaction dated Thursday, January 6th. The stock was purchased at an average price of GBX 20 ($0.27) per share, for a total transaction of £40,000 ($54,296.19). Also, insider Amjad Bseisu acquired 1,497,037 shares of the business’s stock in a transaction dated Friday, November 19th. The shares were purchased at an average price of GBX 19 ($0.26) per share, with a total value of £284,437.03 ($386,096.14). Over the last three months, insiders have acquired 2,397,411 shares of company stock worth $45,601,606.

About EnQuest

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

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