Analyst Price Target is $0.33
▲ +13.79% 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 $0.33, with a high forecast of $0.33 and a low forecast of $0.33. The average price target represents a 13.79% upside from the last price of $0.29.
Current Consensus is
The current consensus among 3 contributing investment analysts is to buy stock in EnQuest. This rating has held steady since April 2021, when it changed from a Hold 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. It primarily holds interests in the Magnus, Kraken, the Greater Kittiwake Area, Scolty/Crathes, Alba, Thistle/Deveron, Heather/Broom, Alma/Galia, and the Dons area. The company also has interests in the PM8/Seligi and PM409 production sharing contracts in Malaysia. In addition, it holds interests in 10 operated production licenses and 3 production hubs. As of December 31, 2020, the company had proved and probable reserves of 279 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 incorporated in 2010 and is based in London, the United Kingdom.