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ENQ Enquest Plc

14.58
-0.04 (-0.27%)
Share Name Share Symbol Market Type Share ISIN Share Description
Enquest Plc LSE:ENQ London Ordinary Share GB00B635TG28 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.04 -0.27% 14.58 1,318,751 11:10:10
Bid Price Offer Price High Price Low Price Open Price
14.48 14.64 14.70 14.58 14.70
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec USD 1.2B USD 93.77M USD 0.0504 2.91 271.94M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:03:05 AT 8,883 14.58 GBX

Enquest (ENQ) Latest News

Enquest (ENQ) Discussions and Chat

Enquest Forums and Chat

Date Time Title Posts
19/6/202516:46ENQUEST2,253
19/6/202511:30Enquest Pure Class13,391
14/4/202221:17why this stock (looks) so extremely cheap? 3
05/2/202219:12Enquest charts1,633
09/7/202114:46Enquest Plc - 20215

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Enquest (ENQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:03:0514.588,8831,295.14AT
10:00:4614.708,0001,176.00AT
09:58:0814.633,318485.51O
09:54:2714.60200,00029,196.60O
09:44:2914.6050,0007,299.15O

Enquest (ENQ) Top Chat Posts

Top Posts
Posted at 23/5/2025 17:43 by sharekitchen1974
Yeh looking a bit grim for the share price with current oil price and forecasts but as a business I still believe they will do well in the long term
Posted at 02/5/2025 16:14 by american idiot
Now that any merger with Serica is OFF with Brent at $61.30 the share price is primed to take a hammering.

Currently 13.2p + 0.61p divi = 13.81p

Thats a good price considering the share price was sub 11p only a couple of months ago on a higher Brent price.

I'll be a buyer at around 11p.
Posted at 27/3/2025 07:29 by grahamg8
Once dividends are started then they are likely to continue. If the final is 0.616p then we could estimate next years half year would be 0.314p (50% plus 2% for progression). With a share price of 13.34 we get a forward yield of 6.97%. That's pretty decent in my book. Suddenly ENQ looks a like a growth and income share combined, my holy grail.
Posted at 26/3/2025 13:27 by onedb1
Was hoping for some positive discussion here on the merits of the Serica reverse takeover . Enquest is quite an outlier in the sense that so many shares are held by the owner which is rare these days . In the past he bought so many at around 18-19p and way above . Any deal would have to be value accretive and his interest are surely aligned to a rising share price unlike in many other cases . So hoping these come good
Posted at 07/3/2025 08:59 by mirabeau
Statement re. media speculation

Serica notes the recent media speculation and confirms that it is in discussions with EnQuest plc ("EnQuest") regarding a possible transaction to combine Serica and EnQuest (the "Possible Transaction").

The Board of Serica believes there are substantial potential benefits to the Possible Transaction, including increasing scale and diversification, unlocking significant synergies and providing a stronger platform for further growth.

Although discussions are ongoing, it is currently envisaged that the Possible Transaction will be structured as an all share offer by EnQuest for Serica by way of a reverse takeover under the UK Listing Rules. It is expected that the Possible Transaction would involve a return of capital to existing Serica shareholders conditional upon completion of the Possible Transaction (the "Expected Return of Capital"), and that Serica shareholders would hold a majority of the shares in the enlarged company with shares listed on the ESCC market of the London Stock Exchange. There can be no certainty either that an offer will be made, nor as to the terms on which such offer will be made. A further announcement will be made when appropriate.
Posted at 14/2/2025 07:16 by 1347
I see the strategy here, get the BOEPD down from around 70k BOEPD to 40k BOEPD then get it back up again (possibly) and say it's transformative growth, it's just smoke and mirrors. As for the jam tomorrow 'deal' we'll have to see but the last two haven't impressed. Bressay is a difficult field and I'm not convinced it will be a success, even if it ever gets developed. Golden Eagle, well what a damp squib that was. Why don't they ever mention those other prosepects they have licences for, why acquire them and then do nothing with them year after year? As for AB buying shares, well many of them came from nil cost options and the rest were paid out of his very generous salary from Enquest. Fact is that the share price is now around COVID19 levels, despite the share buyback and paying down debt, so from an investors point of view it's a dog of a share.
Posted at 13/2/2025 16:19 by gb904150
To be fair to Amjad Bseisu he's had the decency to lose his own money alongside that of shareholders.

He owns 12% of the equity.

The share price is down 50% over 10 years. 85% over 15 years.

That said, ENQ have paid down staggering amounts of debt.

from 2018 to 2024 in USD:
2,505 2,121 1,922 1,767 1,181 884 671

Net debt c. $386 million at 31 December 2024;
a $95 million reduction versus 31 December 2023.

Gross debt c. $665 million at 31 December 2024;
a $1.5 billion reduction since end-2017.

The Group has no debt maturities before 2027.

I guess the market is just worried about the idea of 'transformational transactional growth'

whether it's 'enhanced by EnQuest's advantaged UK tax position' or not!

Either way....it's strange that it's only valued at $228m by the market.
Posted at 05/9/2024 08:12 by ashkv
Decent results w/Net Debt down further, decommissioning work far below budget / and estimate on balance sheet, guidance down marginally from 43,000 Mid case to 42,000 Mid-case, Enquest Deal Team very active ;) Hopefully the market likes the imminent deal :)

Very small portion of US#15mn allocated for share Buybacks expended - need to step up the same :)



SP-> 11.75
ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24-> 3.25%
ENQ Current Share Price vs 52 Week High of 17.82p on 15 Apr 24 -> -34.06%
Brent-> $73.00
Shares Outstanding-> 1,888,830,317
GBPUSD-> 1.315
Production To 30 June 2024-> 42,771
Production HY Revised Mid-Guidance 2024 (Guidance 41,000 to 43,000)-> 42,000
Production Actual 2023 Production (Guidance 42,000 to 46,000)-> 43,812
Production Average (Actual) FY 2022-> 47,259
Net Debt (USD) as of 30 June 24-> $321,000,000
Market Cap (GBP)-> £221,937,562
Market Cap (USD)-> $291,847,894
ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD)-> $612,847,894
EV/Barrel(USD) Production To 30 June 2024-> $14,329
EV/Barrel(USD) 2024 Revised Mid-Guidance Production 42,000 Boe/d-> $14,592
Decommissioning Provision (HY 2024)-> $761,833,000
EV+Tax Deductible Decommissioning Provision-> $1,374,680,894
EV/Barrel(USD) including Decommissioning Provision-> $31,377
2P Reserves BoE (Year End 2023)-> 175,000,000
EV/2P-> $3.50
EV (Including Decommissioning Costs)/2P-> $7.86
Total Payout Yield = Dividend + Buy Backs + Special Dividends 5.14%
Posted at 13/6/2024 14:21 by ashkv
Enquest will soon have zero enterprise value at this rate!!!

Market disregarding ENQ's tax shelter!!!

SP-> 13.53
ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24-> 18.89%
ENQ Current Share Price vs 52 Week High of 18.57p on 10 Aug 23-> -27.14%
Brent-> $82.75
Shares Outstanding->
GBPUSD-> 1.2775
Production To 30 April 2024-> 43,595
Production Mid-Guidance 2024 (Guidance 41,000 to 45,000)-> 43,000
Production Actual 2023 Production (Guidance 42,000 to 46,000)-> 43,812
Production Average (Actual) FY 2022-> 47,259
Net Debt (USD) as of 30 April 24-> $344,000,000
Market Cap (GBP)-> £258,448,722
Market Cap (USD)-> $330,168,242
ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD)-> $674,168,242
EV/Barrel(USD) Production To 30 April 2024-> $15,464
EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d-> $15,678
EV/Barrel(USD) Actual 2023 Production (Mid-Point)-> $15,388
EV/Barrel(USD) Average Production FY 2022-> $14,265
Decommissioning Provision (FY 2023)-> $755,762,000
EV+Tax Deductible Decommissioning Provision-> $1,429,930,242
EV/Barrel(USD) including Decommissioning Provision-> $32,638
2P Reserves BoE (Year End 2023)-> 175,000,000
EV/2P-> $3.85
EV (Including Decommissioning Costs)/2P-> $8.17
Posted at 30/5/2024 08:19 by ashkv
Windfall Tax payment due in H2 2024 - so will require solid prices to get into a net cash position!!!

However, overall tax burden for ENQ remains in the lowest quartile of UK producers given ENQ's vast billion plus UK Tax Losses!!!

ENQ is now trading as per my figures at the lowest EV/2P and EV/Flowing Barrel for 4 years given the share price movement versus vastly lower Net Debt!!!

30 May 24 RNS ->

SP-> 15.25
ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24-> 34.01%
ENQ Current Share Price vs 52 Week High of 18.57p on 10 Aug 23-> -17.88%
Brent-> $83.50
Shares Outstanding-> 1,915,924,339
GBPUSD-> 1.27
Production To 30 April 2024-> 43,595
Production Mid-Guidance 2024 (Guidance 41,000 to 45,000)-> 43,000
Production Actual 2023 Production (Guidance 42,000 to 46,000)-> 43,812
Production Average (Actual) FY 2022-> 47,259
Net Debt (USD) as of 30 April 24-> $344,000,000
Market Cap (GBP)-> £292,178,462
Market Cap (USD)-> $371,066,646
ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD)-> $715,066,646
EV/Barrel(USD) Production To 30 April 2024-> $16,402
EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d-> $16,629
EV/Barrel(USD) Actual 2023 Production (Mid-Point)-> $16,321
EV/Barrel(USD) Average Production FY 2022-> $15,131
Decommissioning Provision (FY 2023)-> $755,762,000
EV+Tax Deductible Decommissioning Provision-> $1,470,828,646
EV/Barrel(USD) including Decommissioning Provision-> $33,571
2P Reserves BoE (Year End 2023)-> 175,000,000
EV/2P-> $4.09
EV (Including Decommissioning Costs)/2P-> $8.40
Enquest share price data is direct from the London Stock Exchange

Enquest Frequently Asked Questions (FAQ)

What is the current Enquest share price?
The current share price of Enquest is 14.58p
How many Enquest shares are in issue?
Enquest has 1,860,029,503 shares in issue
What is the market cap of Enquest?
The market capitalisation of Enquest is GBP 271.94M
What is the 1 year trading range for Enquest share price?
Enquest has traded in the range of 9.99p to 16.60p during the past year
What is the PE ratio of Enquest?
The price to earnings ratio of Enquest is 2.91
What is the cash to sales ratio of Enquest?
The cash to sales ratio of Enquest is 0.23
What is the reporting currency for Enquest?
Enquest reports financial results in USD
What is the latest annual turnover for Enquest?
The latest annual turnover of Enquest is USD 1.2B
What is the latest annual profit for Enquest?
The latest annual profit of Enquest is USD 93.77M
What is the registered address of Enquest?
The registered address for Enquest is 5TH FLOOR, CUNARD HOUSE, 15 REGENT STREET, LONDON, SW1Y 4LR
What is the Enquest website address?
The website address for Enquest is www.enquest.com
Which industry sector does Enquest operate in?
Enquest operates in the OFFICES-HOLDNG COMPANIES,NEC sector

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