JPMorgan Chase & Co. Forecasts Strong Price Appreciation for EnQuest (LON:ENQ) Stock

EnQuest (LON:ENQGet Free Report) had its target price lifted by equities researchers at JPMorgan Chase & Co. from GBX 29 to GBX 35 in a report issued on Friday,Digital Look reports. The brokerage presently has an “overweight” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 48.24% from the company’s previous close.

ENQ has been the topic of a number of other reports. Jefferies Financial Group reiterated a “restricted” rating and issued a GBX 25 price target on shares of EnQuest in a research report on Thursday, June 11th. Shore Capital Group restated a “buy” rating on shares of EnQuest in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, EnQuest presently has a consensus rating of “Buy” and a consensus price target of GBX 26.40.

Get Our Latest Stock Report on ENQ

EnQuest Stock Up 7.3%

LON ENQ opened at GBX 23.61 on Friday. EnQuest has a 1-year low of GBX 9.72 and a 1-year high of GBX 27.39. The company has a market capitalization of £439.40 million, a price-to-earnings ratio of 236.10, a PEG ratio of 0.07 and a beta of 0.00. The stock’s 50 day moving average is GBX 20.91 and its two-hundred day moving average is GBX 17.06. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 204.44.

About EnQuest

(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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