EnQuest (ENQ)

Sector:

Energy Producers

Index:

FTSE Small Cap

16.00p
   
  • Change Today:
      0.32p
  • 52 Week High: 18.47
  • 52 Week Low: 12.10
  • Currency: UK Pounds
  • Shares Issued: 1,915.92m
  • Volume: 1,638,508
  • Market Cap: £306.55m

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 16.00p
Change Today 0.32p
% Change 2.04 %
52 Week High 18.47
52 Week Low 12.10
Volume 1,638,508
Shares Issued 1,915.92m
Market Cap £306.55m

EnQuest Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.76% above the market average90.76% above the market average90.76% above the market average90.76% above the market average90.76% above the market average
44.74% above the sector average44.74% above the sector average44.74% above the sector average44.74% above the sector average44.74% above the sector average
Price Trend
28.47% below the market average28.47% below the market average28.47% below the market average28.47% below the market average28.47% below the market average
26.83% above the sector average26.83% above the sector average26.83% above the sector average26.83% above the sector average26.83% above the sector average
Income
30.16% above the market average30.16% above the market average30.16% above the market average30.16% above the market average30.16% 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
86.38% below the market average86.38% below the market average86.38% below the market average86.38% below the market average86.38% 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 29-Apr-2024

Time Volume / Share Price
08:58 15,762 @ 16.03p
08:52 883 @ 16.00p
08:49 62 @ 16.02p
08:38 12,399 @ 16.02p
08:36 22,184 @ 16.00p

EnQuest Key Personnel

CEO Amjad Bseisu

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