EnQuest (ENQ)

Sector:

Energy Producers

Index:

FTSE Small Cap

11.76p
   
  • Change Today:
    -0.100p
  • 52 Week High: 17.02
  • 52 Week Low: 10.34
  • Currency: UK Pounds
  • Shares Issued: 1,868.18m
  • Volume: 3,035,709
  • Market Cap: £219.70m
  • Beta: 1.06

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 11.76p
Change Today -0.100p
% Change -0.84 %
52 Week High 17.02
52 Week Low 10.34
Volume 3,035,709
Shares Issued 1,868.18m
Market Cap £219.70m
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 21-Nov-2024

Time Volume / Share Price
17:05 168,000 @ 11.76p
16:29 870 @ 11.80p
16:22 7,644 @ 11.76p
16:21 929 @ 11.78p
16:21 929 @ 11.78p

EnQuest Key Personnel

CEO Amjad Bseisu
CFO Jonathan Copus

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