Enquest (OTCMKTS:ENQUF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $0.50 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 38.89% from the company’s previous close.

According to Zacks, “Enquest PLC is an oil and gas development and production company. It focuses on oil and oil linked hydrocarbons. Enquest PLC is based in London, the United Kingdom. “

Separately, Jefferies Group downgraded Enquest from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th.

Enquest (OTCMKTS:ENQUF) remained flat at $$0.36 during trading hours on Monday. Enquest has a 12-month low of $0.31 and a 12-month high of $0.66.

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About Enquest

EnQuest PLC, together with its subsidiaries, explores for, extracts, and produces hydrocarbons in the United Kingdom Continental Shelf and Malaysia. It primarily holds interests in the Heather/Broom, Thistle/Deveron, the Dons area, the Greater Kittiwake Area, Alma/Galia, and Scolty/Crathes; and in the Kraken development, and a non-operated interest in the producing Alba oil field, as well as the PM8/Seligi production sharing contract and the Tanjong Baram risk services contract in Malaysia.

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