▲ +9.13% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for EnQuest in the last 3 months. The average price target is GBX 18.33, with a high forecast of GBX 19 and a low forecast of GBX 17. The average price target represents a 9.13% upside from the last price of GBX 16.80.
The current consensus among 3 polled investment analysts is to hold stock in EnQuest. This rating changed within the last month from a Buy consensus rating.
EnQuest PLC operates as an oil and gas development and production company, explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. The company operates in two segments, North Sea and Malaysia. It primarily holds interests in the Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater Kittiwake Area, Scolty/Crathes, Alma/Galia, and Kraken. The company also has interests in the non-operated Alba producing oil field, as well as the PM8/Seligi and PM409 production sharing contracts in Malaysia. In addition, it holds interests in 15 operated production licenses and 8 production hubs. As of December 31, 2019, the company had proved and probable reserves of 173 million barrels of oil equivalents. Further, it is involved in the construction, ownership, and operation of an oil pipeline; marketing and trading of crude oil; and leasing activities. EnQuest PLC was founded in 2010 and is based in London, the United Kingdom.