EnQuest (LON:ENQ) Given New GBX 28 Price Target at Barclays

EnQuest (LON:ENQGet Rating) had its price target lifted by Barclays from GBX 26 ($0.31) to GBX 28 ($0.34) in a research report sent to investors on Tuesday, MarketBeat.com reports. They currently have an underweight rating on the oil and gas development company’s stock.

Separately, JPMorgan Chase & Co. upped their price target on EnQuest from GBX 42 ($0.51) to GBX 47 ($0.57) and gave the company an overweight rating in a research report on Thursday, September 8th.

EnQuest Stock Up 2.6 %

Shares of EnQuest stock opened at GBX 27.90 ($0.34) on Tuesday. The stock’s fifty day moving average is GBX 27.83 and its 200-day moving average is GBX 28.98. The firm has a market capitalization of £526.17 million and a PE ratio of 90.67. The company has a quick ratio of 0.75, a current ratio of 0.85 and a debt-to-equity ratio of 245.16. EnQuest has a 12-month low of GBX 16.90 ($0.20) and a 12-month high of GBX 37.35 ($0.45).

Insider Transactions at EnQuest

In related news, insider Amjad Bseisu purchased 1,040,063 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was bought at an average price of GBX 23 ($0.28) per share, for a total transaction of £239,214.49 ($289,046.02). In the last quarter, insiders purchased 3,441,304 shares of company stock worth $80,702,256.

About EnQuest

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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.

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