EnQuest (LON:ENQ) Given New GBX 25 Price Target at JPMorgan Chase & Co.

EnQuest (LON:ENQ) had its price objective raised by JPMorgan Chase & Co. from GBX 24 to GBX 25 in a research report report published on Wednesday, Marketbeat reports. The brokerage currently has an overweight rating on the oil and gas development company’s stock.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 15 price target on shares of EnQuest in a report on Wednesday, February 4th. Shore Capital Group reaffirmed a “buy” rating on shares of EnQuest in a report on Wednesday, March 25th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 22.40.

EnQuest Trading Up 3.3%

ENQ stock opened at GBX 19.63 on Wednesday. The business has a fifty day moving average price of GBX 16.99 and a 200 day moving average price of GBX 13.10. EnQuest has a fifty-two week low of GBX 9.72 and a fifty-two week high of GBX 21.35. The stock has a market capitalization of £365.31 million, a price-to-earnings ratio of 196.29, a P/E/G ratio of 0.07 and a beta of 0.25. The company has a debt-to-equity ratio of 204.44, a current ratio of 0.72 and a quick ratio of 0.75.

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).