Enquest is an oil and gas production and development company. As of Dec 31 2016, Co.'s principal U.K. assets were its interests in the producing operated oil fields Heather/Broom, Thistle/Deveron, the Dons area, the Greater Kittiwake Area, Alma/Galia and Scolty/Crathes. In addition, Co. had interests in the Kraken development and also a non-operated interest in the producing Alba oil field. In Malaysia, Co.'s operated assets comprise the PM8/Seligi Production Sharing Contract and the Tanjong Baram Risk Services Contract. At Dec 31 2016, Co. had proven and probable reserves of 215.0 million barrels of oil equivalent.
  • TickerENQ
  • ISINGB00B635TG28
  • ExchangeLondon Stock Exchange
  • SectorOil & Gas Producers
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Main Market 16092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 16092019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

1 director bought

A director at Enquest bought 200,000 shares at 20p and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members a...

Philip Morrish

Value Indicator - UK Basic Resources 09092019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 09092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target providers

Moody's announces completion of a periodic review of ratings of EnQuest plc

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of EnQuest plc. Global Credit Research- 16 Jul 2019. London, 16 July 2019-- Moody's Investors Service has completed a periodic review of the ratings of EnQuest plc and other ratings that are associated with the same analytical unit.

EnQuest plc - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

EnQuest plc: Update Following the Recent Upgrade

A detailed rationale for EnQuest’s B2 stable rating reflecting the group's enhanced reserve base and production profile post Magnus acquisition as well as improved deleveraging prospects.

Moody's upgrades EnQuest's rating to B2, stable outlook

Moody's Investors Service, ("Moody's") today upgraded EnQuest PLC's (EnQuest) corporate family rating (CFR) to B2 from B3 and probability of default rating (PDR) to B2-PD from B3-PD. Concurrently, Moody's also upgraded the senior unsecured rating of the $677.5 million high yield notes ...

Rating Action: Moody's upgrades EnQuest's rating to B2, stable outlook

Moody's Investors Service, ("Moody's") today upgraded EnQuest PLC's (EnQuest) corporate family rating (CFR) to B2 from B3 and probability of default rating (PDR) to B2-PD from B3-PD. Concurrently, Moody's also upgraded the senior unsecured rating of the $677.5 million high yield notes ...

Jessica Saadat

EnQuest – Upbeat conference call

Yesterday’s conference call was actually relatively upbeat, and it does seem they are confident around resolving the FPSO issues at Kraken and might be on the conservative side with their updated FY production guidance. Adjusting our model for slightly faster ramp up than we had assumed post the operational update, but higher opex, leaves our RENAV broadly unchanged at 22p. Given the oil price gearing, and large debt position, we remain with our HOLD recommendation. Assuming Kraken doesn’t have more issues, and the oil price holds up, EnQuest can actually deleverage quite quickly. However, at ...

Jessica Saadat

EnQuest - H1 results

EnQuest reported their H117 results this morning. Given a detailed operational update on the 23rd August, there wasn’t much new information. Unit opex was a bit higher than our forecasts, and has been increased from c$21-25/boe, to $27/boe for the FY, so we will adjust according, although this is expected to reduce once Kraken ramps up. FY capex guidance was lowered slightly, as expected given some already flagged capex savings at Kraken. We don’t expect to make any material changes to our RENAV of 23p. We remain with our HOLD recommendation.

Jessica Saadat

UK E&P

In this short 7 page note we provide a quick recap of the key short term catalysts and how much they could add to RENAV, for our three BUY recommendation stocks, Cairn Energy, Faroe Petroleum and Tullow Oil.

Jessica Saadat

EnQuest

Following last week’s operational update, we update our model to take into account the lower production guidance. However, whilst Kraken FY17 production will be lower than we had initially forecast (WHe c8kbopd net vs revised 1kbopd), given better production in Malaysia and some of the UK assets, plus lowered capex guidance for Kraken, the net effect is our RENAV doesn’t change. We believe we had been conservative relative to the rest of the sell side, hence the share price fall of 23% since the announcement (despite our numbers not changing much). Given the slower ramp up, there are clearly ...

1 director bought

A director at Enquest bought 200,000 shares at 20p and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members a...

Philip Morrish

Value Indicator - UK Main Market 16092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 16092019

Currently '(TM)Value Indicator - UK basic resources' is a value analysis of the Basic Resources sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 09092019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 09092019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target providers

ENQUEST PLC. sees an upgrade to Slightly Negative thanks to a better star rating, but the title remains unattractive

The independent financial analyst theScreener just awarded an improved star rating to ENQUEST PLC. (GB), active in the Exploration & Production industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. Given its market behaviour as risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Slightly Negative; the title, however, remains unattractive. As of the analysis date September 6, 2019, the closing price was GBp 19.26 and its target price was estimated at GBp 14.23.

MarketLine Department

Premier Oil plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Premier Oil plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Premier Oil plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hig...

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