ENQ.L - EnQuest PLC

LSE - LSE Delayed price. Currency in GBp
32.60
-1.30 (-3.83%)
As of 12:09PM BST. Market open.
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Previous close33.90
Open33.45
Bid32.60 x 1010000
Ask32.70 x 3740000
Day's range32.15 - 33.45
52-week range22.50 - 45.25
Volume3,338,550
Avg. volume8,641,939
Market cap368.4M
Beta1.90
PE ratio (TTM)N/A
EPS (TTM)-5.40
Earnings date6 Sep 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est0.49
  • Phoenix from the ashes: Investors pile into smaller European oil groups
    Reuterslast month

    Phoenix from the ashes: Investors pile into smaller European oil groups

    Investors have sent shares in European oil exploration and production (E&P) focussed companies like Premier (PMO.L), Tullow (TLW.L), EnQuest (ENQ.L) and Faroe (FPM.L), soaring, and some fund managers say they have not peaked yet. Shares in smaller and mid-cap British oil companies are outperforming the London FTSE blue chip index (.FTSE) and their larger competitors (.SXEP), riding the wave of rising oil prices (LCOc1) much higher than oil majors. "The sector has performed quite well, but not as well as it might have done, we've only just started the rally," said Paul Mumford, senior fund manager at Cavendish Asset Management, who is invested in Faroe, EnQuest, Tullow, Hurricane Energy (HUR.L) and Cairn Energy (CNE.L) and other smaller E&P groups.

  • Reuters - UK Focuslast month

    Phoenix from the ashes: Investors pile into smaller European oil groups

    Investors have sent shares in European oil exploration and production focussed companies like Premier, Tullow, EnQuest and Faroe , soaring, and some fund managers say they have not peaked yet. Shares in ...

  • Reuters2 months ago

    UK's Sullom Voe oil terminal repairs complete, Brent pipeline working - EnQuest

    Repairs at Britain's Sullom Voe oil terminal have been completed, operator EnQuest said late on Sunday, after a defect detected last week had slowed down supply of Brent, the crude which helps underpin a global oil pricing benchmark. The Brent stream was originally scheduled to load almost 100,000 barrels per day of crude in May and is usually the smallest of five crude grades that underpin the Brent benchmark. "EnQuest can confirm that repairs to the process pipework at Sullom Voe Terminal are now complete and the incoming Brent and Ninian pipeline systems are operating," Enquest said in an email.

  • Reuters - UK Focus2 months ago

    UK's Sullom Voe oil terminal repairs complete, Brent pipeline working -EnQuest

    Repairs at Britain's Sullom Voe oil terminal have been completed, operator EnQuest (Frankfurt: 3EQ.F - news) said late on Sunday, after a defect detected last week had slowed down supply of Brent, the crude which helps underpin a global oil pricing benchmark. The Brent stream was originally scheduled to load almost 100,000 barrels per day of crude in May and is usually the smallest of five crude grades that underpin the Brent benchmark. "EnQuest can confirm that repairs to the process pipework at Sullom Voe Terminal are now complete and the incoming Brent and Ninian pipeline systems are operating," Enquest said in an email.

  • Reuters2 months ago

    UK's Brent oilfields halt output due to terminal closure

    North Sea oilfields connected to the Brent oil pipeline have stopped production due to a shutdown at the UK's Sullom Voe oil terminal, the Brent pipeline operator said, reducing output of the crude which helps underpin a global pricing benchmark. "As a result of a shutdown at Sullom Voe Terminal, production has ceased from all Brent System and Ninian pipeline entrants, which includes all TAQA northern North Sea assets," oil company TAQA, which operates the Brent pipeline, said in an email. The incident follows unplanned outages of another crude grade underpinning the Brent benchmark, Forties, earlier this year and in 2017.

  • Brent Crude Oil Flows to Export Terminal in Scotland Halted
    Bloomberg2 months ago

    Brent Crude Oil Flows to Export Terminal in Scotland Halted

    The flow of Brent crude oil to an export terminal in Scotland was halted this week, a development that will further erode already weak shipments from the North Sea. EnQuest Plc, which operates the Sullom Voe Terminal in the Shetland Islands, said inflows of both Ninian and Brent crude were halted after a “minor defect” was found during a routine inspection on May 1, operator said. Traders participating in the North Sea market said they anticipate delays to May cargoes too.

  • Reuters - UK Focus3 months ago

    EnQuest's 2017 core profit falls but beats expectations

    Oil and gas group EnQuest reported a 36.4 percent fall in annual core profit of $303.6 million on Tuesday but beat analysts' forecasts, as it embarks on reducing debt of around $2 billion helped by the ramp-up of its Kraken oilfield. The North Sea-focused company said it expected to raise production to 50,000 to 58,000 barrels of oil equivalent per day (boe/d) this year from just under 38,000 boe/d last year. EnQuest (Frankfurt: 3EQ.F - news) shares were up 5.5 percent at 32.85 pounds at 0918 GMT versus the STOXX Europe 600 Oil & Gas index which was down 0.3 percent.

  • Reuters - UK Focus3 months ago

    EnQuest 2017 core profit slightly above expectations

    North Sea-focused oil group EnQuest reported 2017 core profit of $303.6 million on Tuesday, slightly beating analysts' expectations as it embarks on reducing its debt of around $2 billion helped by the ...

  • Reuters4 months ago

    EnQuest expects higher production this year

    The positive comments on Kraken came after EnQuest struggled with operational issues and delays at the oilfield, which dragged its shares down in the second half of 2017. Gross production from Kraken averaged 35,000 barrels of oil per day (bopd) in January and delivered the targeted 50,000 bopd, EnQuest said.

  • Reuters - UK Focus4 months ago

    BUZZ-EnQuest: Expects higher production in 2018

    ** North Sea-focused oil producer EnQuest shares up 4.5 pct ** EnQuest expects 2018 average group production to grow by between 33% and 55% at 50,000 to 58,000 barrels of oil equivalent per day . Production ...

  • Reuters5 months ago

    EnQuest agrees with BP to run decommissioning of Thistle, Deveron

    (Reuters) - EnQuest Plc (ENQ.L), a North Sea-focused oil producer, said it had agreed with BP Plc (BP.L) to manage the decommissioning of Thistle and Deveron fields, located 275 miles north-east of Aberdeen ...

  • Reuters5 months ago

    EnQuest seeks buyers for stake in North Sea Kraken field

    North Sea-focused oil and gas producer EnQuest (ENQ.L) has hired investment bank Jefferies to advise on a sale of a 20 percent stake in its recently-started Kraken field, according to a document seen by Reuters. The sale could fetch as much as $400 million (289.02 million pounds) for EnQuest, based on recent analyst valuations of the field. EnQuest holds a 70.5 percent stake in Kraken where production is expected to ramp up to 50,000 barrels per day (bpd) by mid-year following its start-up last June.

  • Reuters - UK Focus5 months ago

    EnQuest seeks buyers for stake in North Sea Kraken field

    North Sea-focused oil and gas producer EnQuest has hired investment bank Jefferies to advise on a sale of a 20 percent stake in its recently-started Kraken field, according to a document seen by Reuters. The sale could fetch as much as $400 million for EnQuest, based on recent analyst valuations of the field. EnQuest holds a 70.5 percent stake in Kraken where production is expected to ramp up to 50,000 barrels per day (bpd) by mid-year following its start-up last June.

  • North Sea Oil Producers Brace for Forties Pipeline Shutdown
    Bloomberg6 months ago

    North Sea Oil Producers Brace for Forties Pipeline Shutdown

    EnQuest Plc and Premier Oil Plc are among the companies operating in the U.K. North Sea that may be affected by the unplanned shutdown of a crucial oil conduit.

  • Reuters7 months ago

    EnQuest lenders relax debt terms, shares rise

    The company also said production at its flagship Kraken oilfield, where it has faced operational issues, rose month-on-month and achieved a gross production rate of 23,000 barrels of oil per day (bopd) in early November. EnQuest said it continued to expect gross production at the field to more than double to 50,000 bopd in the first half of 2018. Some analysts had warned that a drop in production would hit free cash flow and restrict EnQuest's ability to repay debt.

  • Reuters8 months ago

    EnQuest strikes $80 million oil prepayment deal with Mercuria

    EnQuest has also announced a $37.25 million refinancing agreement with Castleton Commodities Merchant Asia to replace a credit facility held with Development Bank of Singapore in relation to the Tanjong Baram oilfield offshore Malaysia. The largely North-Sea focussed oil producer reported a sharp decline in half-year earnings last month due to weaker production and a delay in the start-up of the Kraken field in the North Sea. The prepayment deal with Mercuria ties EnQuest to delivering 1.8 million barrels over 18 months in order to repay the loan in equal instalments.

  • Reuters - UK Focus8 months ago

    EnQuest strikes $80 mln oil prepayment deal with Mercuria

    Oct (Shenzhen: 000069.SZ - news) 26 (Reuters) - Oil producer EnQuest (Frankfurt: 3EQ.F - news) has struck an $80 million crude oil prepayment deal with trading house Mercuria, boosting the company's liquidity that has suffered amid weak prices and a North Sea project delay. EnQuest has also announced a $37.25 million refinancing agreement with Castleton Commodities Merchant Asia to replace a credit facility held with Development Bank of Singapore in relation to the Tanjong Baram oilfield offshore Malaysia. The largely North-Sea focused oil producer reported a sharp decline in half-year earnings last month due to weaker production and a delay in the start-up of the Kraken field in the North Sea.

  • Reuters - UK Focus10 months ago

    UK's EnQuest gets waiver on quarterly credit test as profits drop

    Heavily indebted North Sea oil producer EnQuest (Frankfurt: 3EQ.F - news) has received a waiver on a quarterly credit review due in September after a slow ramp up of its flagship project led to a drop in earnings. London-listed EnQuest last year underwent financial restructuring to cope with low oil prices and a large spending programme to get its $2.5 billion Kraken field up and running. A slower-than-expected ramp up of the field since it started production in June led to a drop in revenue and a risk that EnQuest would breach terms of its loan covenant.

  • Reuters - UK Focus10 months ago

    EnQuest profits slide on slower Kraken oilfield ramp-up

    North Sea-focused oil producer EnQuest on Thursday reported a sharp drop in first-half profits on lower production and delays in ramping up its flagship Kraken oilfield. EnQuest kept its previous full-year production guidance, which calls for a fall of as much as 18 percent to 10 percent above or below its output in the first half of the year of 37,015 barrels of oil equivalent per day (boed). Spending on Kraken was expected to be lower by $100 million, bringing the project's cost to $2.4 billion, around 25 percent below its original budget in 2013.

  • Reuters - UK Focus10 months ago

    BUZZ-EnQuest: drops after FY production forecast cut

    ** North Sea-focused oil producer EnQuest shares & post biggest intraday percentage drop in five months after co cuts full year production forecast ** Expects 2017 overall average daily production to be ...

  • Reuters - UK Focus10 months ago

    EnQuest shares slide after oil producer cuts 2017 production forecast

    North Sea-focused oil producer EnQuest cut its full-year production forecast on Wednesday, citing a slower than expected start-up of its flagship Kraken field, sending its shares to a two-month low. The company said that 2017 output could be as much as 18 percent lower than previously expected after delays in bringing Kraken's floating production, storage and offloading (FPSO) vessel into operation and lower production from some of its other North Sea fields. EnQuest (Frankfurt: 3EQ.F - news) shares touched a two-month trough of 28.75 pence on the news and were down 10 percent at 29.50 pence at 0748 GMT.

  • Reuters - UK Focus11 months ago

    European oil producers' weak hedging shows bet on price rebound

    Europe's smaller oil producers are more optimistic about the market than they have been for the past couple of years as a significant reduction in hedging shows they are betting on higher prices. "We're a bit underhedged for 2018 because we obviously hoped for a better oil price recovery that would have meant putting in place more hedging," Tony Durrant, chief executive of North-Sea focused Premier Oil, told Reuters.

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