JPMorgan Chase & Co. Issues Positive Forecast for EnQuest (LON:ENQ) Stock Price

EnQuest (LON:ENQGet Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from GBX 25 to GBX 29 in a research note issued on Thursday,Digital Look reports. The firm currently has an “overweight” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 51.04% from the company’s previous close.

ENQ has been the subject of several other research reports. Shore Capital Group restated a “buy” rating on shares of EnQuest in a research report on Thursday, April 23rd. Jefferies Financial Group restated a “buy” rating and set a GBX 15 price target on shares of EnQuest in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 23.20.

Get Our Latest Stock Analysis on ENQ

EnQuest Stock Down 3.0%

ENQ opened at GBX 19.20 on Thursday. EnQuest has a twelve month low of GBX 9.72 and a twelve month high of GBX 21.60. The company has a quick ratio of 0.75, a current ratio of 0.72 and a debt-to-equity ratio of 204.44. The company has a 50-day moving average price of GBX 19.42 and a 200 day moving average price of GBX 15.29. The company has a market cap of £357.33 million, a PE ratio of 192.00, a price-to-earnings-growth ratio of 0.07 and a beta of 0.03.

EnQuest Company Profile

(Get Free Report)

EnQuest is providing creative solutions through the energy transition.

EnQuest is an independent energy company. We focus on mature late-life assets, responsibly optimising production to provide energy security. Where we can, we repurpose our infrastructure to deliver renewable energy and decarbonisation projects before executing world-class decommissioning.

Shares in the Company trade on the London Stock Exchange (ENQ.L).

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