EnQuest (LON:ENQ) Upgraded to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of EnQuest (LON:ENQ) to a neutral rating in a research report released on Thursday, MarketBeat.com reports. The firm currently has GBX 25 target price on the oil and gas development company’s stock, up from their prior target price of GBX 11.

Several other analysts have also weighed in on ENQ. Peel Hunt reissued a “buy” rating and issued a GBX 24 price objective on shares of EnQuest in a report on Monday, November 10th. Shore Capital Group reiterated a “buy” rating and issued a GBX 28 price target on shares of EnQuest in a report on Monday, November 10th. Jefferies Financial Group reissued a “buy” rating and set a GBX 15 price target on shares of EnQuest in a research report on Wednesday, February 4th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 20 price objective on shares of EnQuest in a report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, EnQuest presently has a consensus rating of “Moderate Buy” and an average price target of GBX 22.40.

EnQuest Price Performance

ENQ opened at GBX 17.77 on Thursday. The company has a market capitalization of £330.34 million, a P/E ratio of -2.96, a PEG ratio of 0.07 and a beta of 0.10. The company has a 50-day moving average of GBX 12.93 and a 200-day moving average of GBX 11.90. The company has a debt-to-equity ratio of 298.30, a quick ratio of 0.75 and a current ratio of 0.89. EnQuest has a 1-year low of GBX 9.72 and a 1-year high of GBX 18.33.

About EnQuest

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).