Enquest Plc 50.9% potential upside indicated by Barclays

Enquest Plc with ticker (LON:ENQ) now has a potential upside of 50.9% according to Barclays.



Barclays set a target price of 39 GBX for the company, which when compared to the Enquest Plc share price of 19 GBX at opening today (25/11/2021) indicates a potential upside of 50.9%. Trading has ranged between 11 (52 week low) and 27 (52 week high) with an average of 5,302,002 shares exchanging hands daily. The market capitalisation at the time of writing is £353,248,811.

EnQuest PLC is a United Kingdom-based oil and gas development and production 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. Its geographical segments include the North Sea and Malaysia. The Company’s the United Kingdom assets include its interests in the producing operated oil fields Heather/Broom, Thistle/Deveron, the Dons area, the Greater Kittiwake Area and Alma/Galia, also in the Kraken and Scolty/Crathes developments. The Company also has a non operated interest in the producing Alba oil field. In Malaysia, the Company’s operated assets include the PM8/Seligi Production Sharing Contract and the Tanjong Baram Risk Services Contract. Its subsidiaries include EnQuest Britain Limited, EnQuest Marketing and Trading Limited, and NSIP (GKA) Limited.