EnQuest (ENQ)

Sector:

Energy Producers

Index:

FTSE Small Cap

14.10p
   
  • Change Today:
      0.100p
  • 52 Week High: 19.53
  • 52 Week Low: 12.10
  • Currency: UK Pounds
  • Shares Issued: 1,915.92m
  • Volume: 5,801,702
  • Market Cap: £270.15m

EnQuest expects to meet FY production targets following Magnus acquisition

By Iain Gilbert

Date: Wednesday 05 Dec 2018

LONDON (ShareCast) - (Sharecast News) - British oil and gas firm EnQuest said it was on target to meet full-year production targets following the completion of its acquisition of the Magnus oil field from BP.
EnQuest saw average Group production rise 53.3% to 54,268 barrels of oil equivalent per day across the ten months ended 31 October, with its flagship Kraken project accounting for 31,427 barrels.

The London-listed outfit expects full-year production to be in the vicinity of 54,000-56,000 barrels per day after a "better than expected performance across the other assets" and anticipated 2019 production to grow another 20% to around 63,000.

Chief executive Amjad Bseisu, said: "We have continued to deliver in line with our 2018 production targets and expect to produce between 54,000 boepd and 56,000 boepd this year."

"We have also made good initial progress in reducing our debt, with cash generated by operations facilitating additional voluntary repayments and we will continue to prioritise debt reduction through 2019 and beyond."

As of 1420 GMT, EnQuest shares had inched higher 0.28% to 24.17p.

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EnQuest Market Data

Currency UK Pounds
Share Price 14.10p
Change Today 0.100p
% Change 0.71 %
52 Week High 19.53
52 Week Low 12.10
Volume 5,801,702
Shares Issued 1,915.92m
Market Cap £270.15m

EnQuest Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.50% above the market average93.50% above the market average93.50% above the market average93.50% above the market average93.50% above the market average
84.21% above the sector average84.21% above the sector average84.21% above the sector average84.21% above the sector average84.21% above the sector average
Price Trend
51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average51.2% below the market average
2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average2.44% above the sector average
Income
43.18% below the market average43.18% below the market average43.18% below the market average43.18% below the market average43.18% below the market average
88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average
Growth
60.28% below the market average60.28% below the market average60.28% below the market average60.28% below the market average60.28% below the market average
96.23% below the sector average96.23% below the sector average96.23% below the sector average96.23% below the sector average96.23% 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 28-Mar-2024

Time Volume / Share Price
16:35 526,068 @ 14.10p
16:35 3,822 @ 14.10p
16:35 484 @ 14.10p
16:35 4,316 @ 14.10p
16:35 2,569 @ 14.10p

EnQuest Key Personnel

CEO Amjad Bseisu

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