Risk factor
High price volatility
Profitability factor
Greatly undervalued vs peers
About
EnQuest PLC is an independent energy company specializing in the exploration, development, and production of hydrocarbons. Its operations are geographically diverse, covering the United Kingdom, the North Sea, and Malaysia. The company holds key interests in a portfolio of oil and gas fields, including Magnus, Kraken, Scolty/Crathes, the Greater Kittiwake Area, Alba, the Dons area, and Alma/Galia. In Malaysia, it participates in the PM8/Seligi and PM409 production sharing contracts. EnQuest operates five dedicated production hubs. As of December 31, 2021, the company reported proved and probable reserves amounting to 194 million barrels of oil equivalent. Beyond its core upstream activities, EnQuest is also involved in the construction, ownership, and management of oil pipelines, the marketing and trading of crude oil, and various leasing activities. Founded in 2010, EnQuest PLC maintains its head office in London, United Kingdom.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'cheaper' than its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITDA, undervalue
Target Price
The average target price of ENQ.L is 41.5 and suggests 52.5% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc