EnQuest (ENQ)

Sector:

Energy Producers

Index:

FTSE Small Cap

 12.96p
   
  • Change Today:
      0.000p
  • 52 Week High: 18.47
  • 52 Week Low: 12.10
  • Currency: UK Pounds
  • Shares Issued: 1,897.38m
  • Volume: 42,079
  • Market Cap: £245.90m

EnQuest holds guidance after solid Q1

By Benjamin Chiou

Date: Thursday 30 May 2024

LONDON (ShareCast) - (Sharecast News) - Shares in EnQuest gained on Thursday after the UK energy company reported a strong operational performance over 2024 so far and kept its full-year production and cost guidance unchanged.
Group production averaged 43,595 barrels of oil equivalent per day in the four months to 30 April, slightly above the midpoint of the full-year target range of 41,000-45,000 boepd.

"We continue to achieve top quartile production efficiencies across the portfolio, while our high performing decommissioning team continues to deliver sector leading performance, having completed ten well plug and abandonments in 2024 across Heather and Thistle," said chief executive Amjad Bseisu.

"We are also making good progress in respect of the major right-sizing projects which are underway at the Sullom Voe Terminal, with the new stabilisation facilities expected to be online early next year."

Meanwhile, net debt reduced by $137m during the period to $344m by 30 April, while liquidity was $534m which EnQuest said provides a "platform for transformational transactional growth".

The company has maintained its production guidance of 41,000-45,000 boepd, and its total cash capital expenditure forecast of $200m and opex target of $415m.

The stock was up 3.1% at 15.17p by 0938 BST.

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EnQuest Market Data

Currency UK Pounds
Share Price 12.96p
Change Today 0.000p
% Change 0.00 %
52 Week High 18.47
52 Week Low 12.10
Volume 42,079
Shares Issued 1,897.38m
Market Cap £245.90m

EnQuest Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.50% above the market average97.50% above the market average97.50% above the market average97.50% above the market average97.50% above the market average
78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average
Price Trend
44.4% below the market average44.4% below the market average44.4% below the market average44.4% below the market average44.4% below the market average
6.33% above the sector average6.33% above the sector average6.33% above the sector average6.33% above the sector average6.33% above the sector average
Income
58.63% above the market average58.63% above the market average58.63% above the market average58.63% above the market average58.63% above the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
87.2% below the market average87.2% below the market average87.2% below the market average87.2% below the market average87.2% 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 23-Jul-2024

Time Volume / Share Price
10:01 9,340 @ 12.81p
09:53 15,384 @ 12.94p
09:45 15,048 @ 13.00p
08:00 2,307 @ 13.03p

EnQuest Key Personnel

CEO Amjad Bseisu
CFO Jonathan Copus

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