Enquest (GB:ENQ) has released an update.
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EnQuest PLC has repurchased 578,877 of its own shares on 25 November 2024, as part of a share buyback program through Merrill Lynch, with an average price of 11.61 GBp per share. This buyback is part of a larger effort since April 2024, where EnQuest has repurchased nearly 49 million shares, with a portion being retained in treasury and the rest canceled. Such actions typically aim to boost shareholder value by reducing the number of shares in circulation, thus enhancing earnings per share.
For further insights into GB:ENQ stock, check out TipRanks’ Stock Analysis page.
