EnQuest (ENQ)

Sector:

Energy Producers

Index:

FTSE Small Cap

16.12p
   
  • Change Today:
      0.12p
  • 52 Week High: 18.47p
  • 52 Week Low: 12.10p
  • Currency: UK Pounds
  • Shares Issued: 1,910.19m
  • Volume: 5,972,668
  • Market Cap: £307.92m

Enquest shares tumble company swings to loss

By Victoria Young

Date: Wednesday 19 Aug 2015

LONDON (ShareCast) - (ShareCast News) - Enquest swung to a loss in the first half of this year, posting a first pre-tax loss of $36.4m from a profit of $78.6m in the same period last year.
Shares in the oil company were down by 5.26% to 31.50p at 0849 BST.

First half revenues were down to $414.6m from $503.6m, which the North Sea oil focused producer said was due to material reductions in oil prices.

The company said its blended average price of oil sold was $77.5 per barrel for the period, compared to $109.98 per barrel in the first half of last year.

During the period Enquest wrote down the value of its reserves, which along with other impairments reduced earnings by $46m.

First half production was up by 17.3% to an average of 29,665 barrels of oil equivalent per day.

Enquest reiterated its forecast for average production to for the full year to between 33k boepd and 36k boepd. Net debt came in at $1.28bn from $932.8m the year before.

Westhouse analyst Mark Henderson said Enquest had produced solid results in what had been a difficult period for the sector.

Henderson said investors should keep a close eye on cash flow performance because the net debt was higher than forecast.

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EnQuest Market Data

Currency UK Pounds
Share Price 16.12p
Change Today 0.12p
% Change 0.75 %
52 Week High 18.47p
52 Week Low 12.10p
Volume 5,972,668
Shares Issued 1,910.19m
Market Cap £307.92m

EnQuest Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.42% above the market average91.42% above the market average91.42% above the market average91.42% above the market average91.42% above the market average
54.67% above the sector average54.67% above the sector average54.67% above the sector average54.67% above the sector average54.67% above the sector average
Price Trend
12.36% above the market average12.36% above the market average12.36% above the market average12.36% above the market average12.36% above the market average
45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average
Income
38.62% above the market average38.62% above the market average38.62% above the market average38.62% above the market average38.62% above the market average
41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average41.18% below the sector average
Growth
86.55% below the market average86.55% below the market average86.55% below the market average86.55% below the market average86.55% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

EnQuest Dividends

No dividends found

Trades for 31-May-2024

Time Volume / Share Price
16:41 380,085 @ 16.12p
16:40 1,500,000 @ 15.98p
16:35 1,136,509 @ 16.12p
16:35 351 @ 16.12p
16:35 3,652 @ 16.12p

EnQuest Key Personnel

CEO Amjad Bseisu
CFO Jonathan Copus

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