Enquest (ENQ) AI Stock Analysis

• Market Cap: £188.27M
• Dividend Yield: 4.46%
• Average Volume (3M): 3.65M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: -18.05%
• EPS Growth: -634.88%
• Country: UK
• Employees: 732
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.02
• Shares Outstanding: 1,870,029,500
• 10 Day Avg. Volume: 3,695,162
• 30 Day Avg. Volume: 3,648,658
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.55
• Price to Sales (P/S): 0.25
• P/FCF Ratio: 1.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £25.00
• Price Target Upside: 147.52% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: 11.00p ▲(8.91% Upside)

EnQuest's overall stock score reflects a challenging financial environment with declining revenues and high leverage, offset by strong cash flow and operational efficiencies. Technical indicators suggest bearish momentum, while recent corporate events and earnings call insights provide some positive outlook. The valuation remains cautious due to profitability issues.

Positive Factors

Southeast Asia Expansion

Expansion in Southeast Asia diversifies EnQuest's geographic footprint and reduces reliance on the UK market, enhancing long-term growth potential and stability.

Financial Discipline and Deleveraging

Effective debt reduction and increased liquidity improve financial flexibility, allowing EnQuest to invest in growth opportunities and withstand market fluctuations.

Operational Efficiency

High production efficiency indicates strong operational management, which can lead to cost savings and improved profitability over the long term.

Negative Factors

Declining Revenue

A consistent decline in revenue can strain financial resources and limit the ability to invest in growth, posing a risk to long-term sustainability.

High Leverage

High leverage increases financial risk, potentially impacting the company's ability to finance operations and invest in future growth.

Fiscal Challenges in the UK

Regulatory and fiscal challenges in the UK could hinder operations and profitability, affecting EnQuest's ability to sustain its business model in the region.

Enquest Business Overview & Revenue Model

Company Description

Enquest PLC is an independent oil and gas company based in the United Kingdom, primarily engaged in the exploration, development, and production of oil and gas resources. The company operates in the North Sea and has a diverse portfolio of assets including producing fields, development projects, and exploration licenses. Enquest focuses on maximizing recovery from its existing assets while pursuing new opportunities to enhance its production and reserves.

How the Company Makes Money

Enquest generates revenue primarily through the sale of crude oil and natural gas produced from its offshore fields. The company operates on a model that includes both production from its existing fields and the development of new projects, which contributes to its overall output. Key revenue streams include the direct sale of hydrocarbons to refineries and other industrial customers, as well as the potential for revenue from gas processing and transportation. Additionally, Enquest has engaged in joint venture partnerships and strategic alliances that can provide shared resources and access to new markets, thereby enhancing its financial performance. Market conditions, such as global oil prices and demand, significantly influence the company's earnings, making commodity price fluctuations a critical factor in its revenue generation.

Enquest Financial Statement Overview

Summary

EnQuest shows a mixed financial profile with declining revenues and high leverage. While operational efficiencies are present, the company faces profitability challenges and significant debt risks. Strong cash flow generation offers some stability, but strategic improvements are needed to enhance financial health.

Income Statement

The income statement shows a declining revenue trend over the past few years, with a significant drop from 2022 to 2023. Gross and net profit margins have been volatile, with the company experiencing net losses in some years. However, the EBIT margin has been relatively stable, indicating some operational efficiency.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio, signaling potential leverage risks. The equity ratio is low, indicating that a large portion of the company’s assets are financed by debt. The return on equity fluctuates, reflecting inconsistent profitability.

Cash Flow

The cash flow statement indicates strong operating cash flows, but free cash flow has been declining. The company has managed to keep a positive free cash flow to net income ratio, suggesting effective cash management despite profitability challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.14B	1.18B	1.49B	1.85B	1.27B	863.85M
Gross Profit	319.80M	393.33M	540.67M	652.92M	358.18M	64.77M
EBITDA	459.53M	568.27M	745.12M	978.68M	647.88M	52.31M
Net Income	-110.08M	93.77M	-30.83M	-41.23M	376.99M	-469.94M
Balance Sheet
Total Assets	3.65B	3.56B	3.77B	4.02B	4.37B	3.86B
Cash, Cash Equivalents and Short-Term Investments	260.02M	226.32M	313.57M	301.61M	286.66M	222.83M
Total Debt	1.06B	1.00B	1.20B	1.48B	2.05B	2.15B
Total Liabilities	3.30B	3.02B	3.31B	3.54B	3.84B	3.77B
Stockholders Equity	353.78M	542.47M	456.73M	484.24M	520.76M	91.22M
Cash Flow
Free Cash Flow	135.37M	254.78M	612.50M	823.88M	630.43M	390.04M
Operating Cash Flow	376.98M	508.77M	754.24M	931.55M	674.14M	521.42M
Investing Cash Flow	-244.97M	-183.57M	-262.69M	-161.25M	-321.23M	-120.60M
Financing Cash Flow	-118.14M	-352.89M	-478.63M	-731.16M	-285.47M	-401.01M

Enquest Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ENQ, the sentiment is Negative. The current price of 10.1 is below the 20-day moving average (MA) of 10.44, below the 50-day MA of 10.96, and below the 200-day MA of 12.15, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 38.71 is Neutral, neither overbought nor oversold. The STOCH value of 42.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:ENQ.

Enquest Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
SAVE	64 Neutral	£121.55M	1.03	34.81%	―	7.74%	―
ENQ	58 Neutral	£188.27M	-2.20	-26.37%	4.46%	-18.05%	-634.88%
GENL	56 Neutral	£160.25M	-3.81	-11.54%	―	-0.20%	-25.68%
TLW	53 Neutral	£84.37M	-0.53	―	―	-32.47%	-1490.91%
CNE	52 Neutral	£134.27M	-8.15	-6.29%	―	-32.66%	72.67%
KIST	44 Neutral	£150.81M	-4.14	-92.03%	―	-16.87%	21.18%

Enquest Corporate Events

EnQuest Wins Prestigious Decommissioning Award

EnQuest PLC has been awarded the Offshore Energies UK award for Excellence in Decommissioning, recognizing its outstanding work on the Heather Decommissioning Project. This accolade highlights EnQuest’s sector-leading decommissioning performance, having completed the plugging and abandonment of over 90 North Sea wells in the past four years. The award underscores the company’s commitment to safety and cost efficiency, setting a benchmark in the industry.

EnQuest Secures $800 Million in New Lending Facilities

EnQuest PLC has secured new six-year, senior secured Reserve Based Lending facilities totaling $800 million. This includes a $400 million revolving loan facility and a $400 million revolving letter of credit facility, with an option to extend both by up to $400 million each. The new facilities will refinance the existing $500 million RBL facility and enhance EnQuest’s liquidity profile, providing long-term coverage for decommissioning security obligations. Supported by a syndicate of eight international banks, these facilities align with EnQuest’s growth ambitions and offer a more flexible capital structure.

EnQuest PLC Updates on Share Capital and Voting Rights

EnQuest PLC, a company involved in the energy sector, has announced a transfer of 5,000,000 Ordinary shares from Treasury to its Employee Benefit Trust. As of the end of October 2025, the company’s total issued share capital stands at 1,890,029,503 Ordinary shares, with 20,000,000 shares remaining in Treasury. This update affects the total number of voting rights, which shareholders can use to determine their interest in the company under FCA rules.

EnQuest Director Acquires Shares, Signaling Confidence in Company’s Future

EnQuest PLC announced a transaction involving the purchase of £0.05 ordinary shares by Marianne Daryabegui, a director of the company. The transactions took place on the London Stock Exchange on 9th and 10th October 2025, involving a total volume of 168,160 shares at prices of 0.111 and 0.105 respectively. This share purchase reflects a strategic move by the company’s management, potentially indicating confidence in EnQuest’s market position and future prospects.

EnQuest Director Acquires Significant Shareholding

EnQuest PLC has announced a transaction involving the purchase of 129,829 ordinary shares by Michael Borrell, a director at the company. The transaction, conducted on the London Stock Exchange, reflects a share purchase at a price of 0.114p per share. This move indicates a potential vote of confidence in the company’s future by its management, which could have positive implications for stakeholders and market perception.

EnQuest PLC Reports Strong Production Amidst Fiscal Challenges

EnQuest PLC reported strong production efficiency and completed major maintenance on schedule in the first half of 2025, despite a production outage affecting overall output. The company continues to expand in South East Asia with new acquisitions and agreements, while facing challenges in the UK due to fiscal policies affecting the North Sea’s competitiveness. EnQuest’s financial performance saw a decrease in revenue and a net loss, impacted by a non-cash adjustment related to the UK’s windfall tax. Despite these challenges, EnQuest remains focused on growth and maintaining its production guidance for the year.

EnQuest PLC Reports H1 2025 Results and Expands in South East Asia

EnQuest PLC reported its financial results for the first half of 2025, highlighting a net production average of 43,392 Boepd, with strong performance in Vietnam. Despite a 6% decrease in revenue and a 10% rise in sales costs, EnQuest maintained its full-year production guidance. The company faces challenges due to the UK’s fiscal policies, which impact its North Sea operations, but remains committed to growth through strategic acquisitions and investments. EnQuest’s expansion in South East Asia is set to significantly increase production in the coming years, with a focus on delivering value-adding growth.