EnQuest (ENQ)

Sector:

Energy Producers

Index:

FTSE Small Cap

16.22p
   
  • Change Today:
      0.54p
  • 52 Week High: 18.47p
  • 52 Week Low: 12.10p
  • Currency: UK Pounds
  • Shares Issued: 1,915.92m
  • Volume: 2,626,117
  • Market Cap: £310.76m

Jefferies upgrades EnQuest, Capricorn Energy to 'buy'

By Michele Maatouk

Date: Monday 10 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Jefferies upgraded EnQuest and Capricorn Energy on Monday on valuation versus risks grounds.
The bank lifted both stocks to 'buy' from 'hold'.

"EnQuest and Capricorn have been two of the worst-performing E&P stocks in our coverage this year, but with sector-leading free cash flow yield (EnQuest) and/or net cash balance sheet (Capricorn) we see little balance sheet risk to either name and their price targets are little changed given largely oil-weighted exposure," it said.

"We could also argue a potential regional M&A consolidation angle for either name given ENQ's material UK tax losses and CNE's ex-Shell Egypt production assets & balance sheet," Jefferies said.

"Thus, we upgrade both EnQuest and Capricorn to Buy on valuation versus risk grounds."

Jefferies kept its price target for EnQuest at 20p, and cut the PT for Capricorn to 225p from 230p

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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 16.22p
Change Today 0.54p
% Change 3.44 %
52 Week High 18.47p
52 Week Low 12.10p
Volume 2,626,117
Shares Issued 1,915.92m
Market Cap £310.76m

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
15:32 46,355 @ 16.26p
15:29 510 @ 16.22p
15:29 12 @ 16.22p
14:34 6,283 @ 16.20p
14:34 13,733 @ 16.20p

EnQuest Key Personnel

CEO Amjad Bseisu

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