EnQuest (ENQ)

Sector:

Energy Producers

Index:

FTSE Small Cap

12.08p
   
  • Change Today:
      0.32p
  • 52 Week High: 17.02p
  • 52 Week Low: 10.34p
  • Currency: UK Pounds
  • Shares Issued: 1,867.83m
  • Volume: 2,488,455
  • Market Cap: £225.63m
  • Beta: 1.06

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 12.08p
Change Today 0.32p
% Change 2.72 %
52 Week High 17.02p
52 Week Low 10.34p
Volume 2,488,455
Shares Issued 1,867.83m
Market Cap £225.63m
Beta 1.06

EnQuest Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.31% above the market average99.31% above the market average99.31% above the market average99.31% above the market average99.31% above the market average
91.30% above the sector average91.30% above the sector average91.30% above the sector average91.30% above the sector average91.30% above the sector average
Price Trend
57.59% below the market average57.59% below the market average57.59% below the market average57.59% below the market average57.59% below the market average
4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average
Income
59.40% above the market average59.40% above the market average59.40% above the market average59.40% above the market average59.40% above the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Growth
85.41% below the market average85.41% below the market average85.41% below the market average85.41% below the market average85.41% below the market average
95.65% below the sector average95.65% below the sector average95.65% below the sector average95.65% below the sector average95.65% 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 22-Nov-2024

Time Volume / Share Price
16:35 449,475 @ 12.08p
16:35 715 @ 12.08p
16:35 1,501 @ 12.08p
16:35 6,808 @ 12.08p
16:35 13,839 @ 12.08p

EnQuest Key Personnel

CEO Amjad Bseisu
CFO Jonathan Copus

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