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

Barclays downgrades Enquest to 'underweight' due to government levy

By Alexander Bueso

Date: Monday 06 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at Barclays downgraded their recommendation for shares of Enquest on the back of the government's recently announced plan for a levy on energy companies' profits.
The recommendation went from 'neutral' to 'underweight' with the analysts estimating the tax would reduce the outfit's free cash flow across 2023-26 by $450m.

That equated to a 36% cut to the company's discounted cash flow valuation and put Enquest's debt refinancing plans back in focus "just as higher oil prices and improved operating performance had eased concerns."

In turn, the analysts lowered their target price for the shares from 40.0p to 23.0p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

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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