Enquest (ENQ) AI Stock Analysis

• Market Cap: £234.15M
• Dividend Yield: 42.39%
• Average Volume (3M): 3.40M
• Price to Earnings (P/E): 3.3
• Beta (1Y): 1.10
• Revenue Growth: -21.23%
• EPS Growth: N/A
• Country: UK
• Employees: 732
• Sector: Energy
• Sector Strength: 51
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.03
• Shares Outstanding: 1,860,029,500
• 10 Day Avg. Volume: 4,299,491
• 30 Day Avg. Volume: 3,403,226
• PEG Ratio: 0.09
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.53
• Enterprise Value/Market Cap: 4.54
• Enterprise Value/Revenue: 0.18
• Enterprise Value/Gross Profit: 2.70
• Enterprise Value/Ebitda: 0.36
• 1Y Price Target: £29.00
• Price Target Upside: 127.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 75 Outperform
• Price Target: 16.00p ▲(25.39%Upside)

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.

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 makes money primarily through the extraction and sale of crude oil and natural gas. The company's revenue model is centered around the production from its operated and non-operated oil and gas fields, with a significant focus on maximizing output from mature assets. Enquest generates income by selling the produced hydrocarbons to various customers, including refineries and other oil and gas companies. Key revenue streams include the sale of oil and natural gas liquids. Additionally, the company may engage in strategic partnerships and joint ventures to manage operational risks and enhance asset value. Enquest's earnings are influenced by global oil prices, production volumes, operational efficiency, and the successful implementation of cost-control measures.

Enquest Financial Statement Overview

Summary

EnQuest shows a mixed financial profile with declining revenues and high leverage. Operational efficiencies are present, but profitability challenges and significant debt risks persist. Strong cash flow generation offers some stability, but improvements are needed.

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

Enquest Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ENQ, the sentiment is Positive. The current price of 12.76 is below the 20-day moving average (MA) of 12.78, above the 50-day MA of 12.60, and above the 200-day MA of 11.76, indicating a neutral trend. The MACD of 0.26 indicates Positive momentum. The RSI at 49.01 is Neutral, neither overbought nor oversold. The STOCH value of 12.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ENQ.

Enquest Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENQ	75 Outperform	£234.15M	3.29	18.48%	42.39%	-21.23%	―
Sector *	52 Neutral	C$2.91B	-0.88	-3.26%	6.30%	2.20%	-43.43%
GEGYF		$208.16M	―	-15.72%	―	―	―
CNE	56 Neutral	£158.58M	17.20	-3.25%	―	-28.38%	90.60%
SAVE		£120.80M	3.75	11.30%	―	―	―
TLW	71 Outperform	£239.64M	5.22		―	-11.70%	―
KIST	62 Neutral	£145.01M	―	-80.82%	―	-5.92%	-91.89%

Enquest Corporate Events

EnQuest Discloses 2024 Government Payments, Emphasizing Transparency

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.

EnQuest Malaysia Wins Prestigious Awards and Announces Growth Initiatives

EnQuest Malaysia has been honored with two prestigious awards at the PETRONAS Emerald Awards, including the Operator of the Year, marking the first time this accolade has been retained consecutively. These awards underscore EnQuest’s strong reputation and operational excellence in Malaysia, highlighting its commitment to sustainability and innovation in the upstream sector. EnQuest has also announced several growth initiatives in Southeast Asia, aiming to increase its production to over 35,000 Boepd by the end of the decade, which reflects its strategic focus on diversified growth and field optimization in the region.

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.

EnQuest PLC Secures Shareholder Approval for Key Resolutions at AGM

EnQuest PLC, a company involved in the energy sector, held its Annual General Meeting on May 27, 2025, where all proposed resolutions were approved by the necessary majority. Key resolutions included the re-election of board members, the appointment of auditors, and the approval of the directors’ remuneration report. The successful passage of these resolutions indicates strong shareholder support and positions the company for continued stability and strategic planning.

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.

EnQuest Reports Strong 2025 Performance and Advocates for Policy Changes

EnQuest PLC has reported strong operational performance for 2025, with production efficiency exceeding 90% and first-quarter production averaging 42,000 Boepd, surpassing guidance. Despite a temporary pipeline outage, production at the Magnus field has been restored, and further drilling is expected to enhance output. The company is advocating for the removal of the UK Energy Profits Levy, arguing it harms the North Sea industry. EnQuest is also focusing on cost optimization and has a robust balance sheet for growth, with significant developments in South East Asia and plans for a material UK transaction. The company maintains its production guidance and is working to reduce operating costs while enhancing core value.

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.

EnQuest PLC Announces Change in Major Shareholder Holdings

EnQuest PLC has announced a change in its major holdings, with Cobas Asset Management, SGIIC, S.A. increasing its voting rights in the company to 7.022206%. This adjustment in holdings reflects a strategic move by Cobas Asset Management, potentially impacting EnQuest’s decision-making and shareholder dynamics. The increase in voting rights signifies a strengthened position for Cobas Asset Management within EnQuest, which could influence future company strategies and stakeholder interests.

EnQuest PLC Publishes 2024 Annual Report and Announces 2025 AGM

EnQuest PLC has announced the publication of its 2024 Annual Report and Accounts, along with the notice for the 2025 Annual General Meeting. These documents are available on their website and have been submitted to the National Storage Mechanism. The AGM is scheduled for 27 May 2025 in London, where shareholder votes on resolutions will be disclosed. This announcement underscores EnQuest’s commitment to transparency and regulatory compliance, potentially reinforcing its position in the energy sector during the ongoing energy transition.

EnQuest Expands into Indonesia with New PSC Awards

EnQuest PLC has been awarded two Production Sharing Contract blocks, Gaea and Gaea II, in Papua Barat, Indonesia, marking its entry into the Indonesian market. This strategic move expands EnQuest’s presence in South East Asia, complementing its recent activities in Malaysia and Vietnam, and positions the company for growth opportunities across the upstream lifecycle in the region.

EnQuest PLC Announces Executive Performance Share Awards

EnQuest PLC announced the vesting of Performance Share Plan (PSP) awards for its Chief Executive, Amjad Bseisu, and Chief Financial Officer, Jonathan Copus. The awards, which involve a significant number of ordinary shares, are set to vest in April 2028, contingent on meeting performance conditions. This move underscores EnQuest’s strategy to align executive incentives with long-term company performance, potentially impacting shareholder value and executive retention.