Risk factor
High price volatility
Profitability factor
Greatly undervalued vs peers
About
EnQuest PLC operates as an oil and gas production and development company. The company explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Scolty/Crathes, Greater Kittiwake Area, Alba, Dons area, and Alma/Galia. The company also has interests in the PM8/Seligi and PM409 production sharing contracts in Malaysia. In addition, it has five production hubs. As of December 31, 2021, the company had proved and probable reserves of 194 million barrels of oil equivalents. Further, it is involved in the construction, ownership, and operation of an oil pipeline; and marketing and trading of crude oil, as well as in leasing activities. EnQuest PLC was incorporated in 2010 and is based in London, the United Kingdom.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is reasonably priced on P/E, 'cheap' on E
Target Price
The average target price of ENQ.L is 28 and suggests 45% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increas
Buy
Sell