Enquest Plc 38.9% potential upside indicated by JP Morgan

Broker Ratings

Enquest Plc with ticker (LON:ENQ) now has a potential upside of 38.9% according to JP Morgan.

JP Morgan set a target price of 47 GBX for the company, which when compared to the Enquest Plc share price of 29 GBX at opening today (20/09/2022) indicates a potential upside of 38.9%. Trading has ranged between 17 (52 week low) and 37 (52 week high) with an average of 5,783,708 shares exchanging hands daily. The market capitalisation at the time of writing is £536,102,450.

Enquest Plc is a United Kingdom-based independent production and development company. The Company’s principal activities are the exploration for, and extraction and production of, hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The Company focuses on maturing assets and undeveloped oil fields. The Company’s geographical segments include the North Sea and Malaysia. The Company’s upstream operations include its Magnus, Kraken, Golden Eagle, Greater Kittiwake Area, Scolty/Crathes and Alba assets. The Malaysian operations include its PM8 Extension Production Sharing Contract, consisting of the PM8 and Seligi Fields and the Block PM409 Production Sharing Contract. The Company’s infrastructure and new energy business division is engaged in providing creative solutions through the energy transition.

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