tiprankstipranks

EnQuest Discloses 2024 Government Payments, Emphasizing Transparency

Story Highlights
  • EnQuest operates in the UK North Sea and Malaysia, focusing on energy transition.
  • EnQuest reported $163,461,000 in payments to governments for 2024, highlighting transparency.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
EnQuest Discloses 2024 Government Payments, Emphasizing Transparency

Don’t Miss TipRanks’ Half-Year Sale

The latest update is out from Enquest ( (GB:ENQ) ).

EnQuest PLC has released its report on payments made to governments for the year ending December 31, 2024. The report, which complies with the Reports on Payments to Governments Regulations 2014, details cash-based payments made to national governments, including taxes, royalties, and other fees. The total payments amounted to $163,461,000, with significant contributions in both the United Kingdom and Malaysia. This disclosure underscores EnQuest’s commitment to transparency and compliance in its financial dealings, potentially impacting its reputation and relationships with stakeholders.

The most recent analyst rating on (GB:ENQ) stock is a Buy with a £15.00 price target. To see the full list of analyst forecasts on Enquest stock, see the GB:ENQ Stock Forecast page.

Spark’s Take on GB:ENQ Stock

According to Spark, TipRanks’ AI Analyst, GB:ENQ is a Outperform.

Enquest’s stock score is significantly bolstered by its strong technical analysis and attractive valuation, which indicate bullish momentum and potential undervaluation. While financial performance shows challenges with declining revenues and high leverage, strong cash flow management provides some stability. The corporate events further enhance Enquest’s strategic position, though they were not included in the weighted calculation.

To see Spark’s full report on GB:ENQ stock, click here.

More about Enquest

EnQuest is an independent energy company operating in the UK North Sea and Malaysia, focusing on the responsible management of existing energy assets. The company is committed to providing creative solutions through the energy transition and trades on the London Stock Exchange.

Average Trading Volume: 3,337,070

Technical Sentiment Signal: Buy

Current Market Cap: £265M

Find detailed analytics on ENQ stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1