Enquest (ENQ) AI Stock Analysis

• Market Cap: £217.46M
• Dividend Yield: 4.14%
• Average Volume (3M): 3.65M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.29
• 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: 1,890,029,500
• 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: £22.25
• Price Target Upside: 104.13% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: 11.50p ▲(5.50% Upside)

EnQuest's overall stock score reflects a challenging financial environment with declining revenues and high leverage, offset by strong operational performance and strategic growth in Southeast Asia. Technical indicators suggest bearish momentum, while valuation metrics highlight financial struggles. The earnings call provided positive insights into operational efficiency and deleveraging efforts, but fiscal challenges in the UK and commodity price impacts remain concerns.

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 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.

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: 10.90
• 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 10.9 is below the 20-day moving average (MA) of 11.58, below the 50-day MA of 11.30, and below the 200-day MA of 12.23, indicating a bearish trend. The MACD of -0.12 indicates Positive momentum. The RSI at 41.50 is Neutral, neither overbought nor oversold. The STOCH value of 30.34 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%
ENQ	59 Neutral	£217.46M	-2.53	-26.37%	4.14%	-18.05%	-634.88%
CNE	52 Neutral	£135.11M	-8.48	-6.29%	―	-32.66%	72.67%
GENL	50 Neutral	$176.21M	-4.19	-11.54%	―	-0.20%	-25.68%
TLW	45 Neutral	£137.62M	-0.87	―	―	-32.47%	-1490.91%
KIST	41 Neutral	£128.44M	―	-92.03%	―	-16.87%	21.18%

Enquest Corporate Events

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.

The most recent analyst rating on (GB:ENQ) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Enquest stock, see the GB:ENQ Stock Forecast page.

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.

The most recent analyst rating on (GB:ENQ) stock is a Buy with a £20.00 price target. To see the full list of analyst forecasts on Enquest stock, see the GB:ENQ Stock Forecast page.

EnQuest plc Earnings Call: Growth Amid Challenges

EnQuest plc’s recent earnings call showcased a company that is navigating both opportunities and challenges with a strong operational backbone and financial discipline. The sentiment during the call was generally positive, with significant growth reported in Southeast Asia and successful efforts in deleveraging. However, the company also acknowledged hurdles in the UK due to fiscal uncertainties and declining commodity prices.

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.

The most recent analyst rating on (GB:ENQ) stock is a Hold with a £14.00 price target. To see the full list of analyst forecasts on Enquest stock, see the GB:ENQ Stock Forecast page.

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.

The most recent analyst rating on (GB:ENQ) stock is a Hold with a £14.00 price target. To see the full list of analyst forecasts on Enquest stock, see the GB:ENQ Stock Forecast page.

EnQuest Enters Indonesian Market with New PSCs

EnQuest PLC has signed Production Sharing Contracts (PSCs) for the Gaea and Gaea II exploration blocks in Papua Barat, Indonesia, marking its entry into the Indonesian market. With a 40% participating interest, EnQuest is the PSC operator alongside its partners, including the Tangguh Joint Venture and PT Agra Energi Indonesia. The blocks have significant resource potential, estimated to be over 100 Tscf, and are located near the bp-operated Tangguh LNG facility. This development is expected to enhance EnQuest’s South East Asia portfolio, contributing to its goal of delivering over 35,000 Boepd of production by 2030.

The most recent analyst rating on (GB:ENQ) stock is a Hold with a £13.50 price target. To see the full list of analyst forecasts on Enquest stock, see the GB:ENQ Stock Forecast page.

EnQuest Achieves Major Decommissioning Milestone with Heather Alpha Topsides Removal

EnQuest PLC has successfully completed a major milestone in its decommissioning efforts with the removal of the Heather Alpha topsides in the North Sea. This operation, executed by the Pioneering Spirit heavy lift vessel, marks one of the largest single lifts in the region this year. The project underscores EnQuest’s commitment to safe and efficient decommissioning, with over 95% of the structure set to be recycled, minimizing the environmental impact. This achievement highlights EnQuest’s top-tier decommissioning capabilities and reinforces its strategic focus on responsible energy asset management.

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.