ENQUEST PLC ORD GBP0.05
Symbol: ENQ
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Company
Business Summary
EnQuest PLC is an independent energy company with operations in the United Kingdom North Sea and Malaysia. The Company’s operations are focused on maturing and underdeveloped assets in the United Kingdom and Malaysia. Its production operations in the United Kingdom include its Magnus, Kraken, Golden Eagle, Greater Kittiwake Area, Scolty/Crathes, and Alba assets. Its Malaysian operations include its PM8 Extension Production Sharing Contract, consisting of the PM8 and Seligi Fields. It is the owner and operator of the Bressay field. Bressay is a heavy oil field east of the Shetland Islands, approximately 12 kilometers (km) northeast of the Kraken field. Its decommissioning operations include the fields, Thistle/Deveron, Heather/Broom, Alma/Galia and The Dons. Its decommissioning division manages the decommissioning programs for assets that have already ceased production and its mature producing assets, which are between one and five years from cessation of production CoP.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2024, Enquest Plc revenues decreased 21% to $1.18B. Net income before extraordinary items increased 10% to $93.8M. Revenues reflect Oil Equi. Production Per Day-Magnus decrease of 11% to 14K barrels per day, Revenue from gas and condensate sales decrease of 51% to $164.6M, Revenue from crude oil sales decrease of 10% to $1.02B.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Revenue | 1,180.71 | 1,487.42 | 1,853.62 | 1,265.81 | 865.65 | 1,646.46 |
Gross profit | 393.33 | 540.67 | 652.92 | 365.85 | 78.26 | 402.89 |
Operating Profit/Loss | 314.79 | 397.37 | 377.63 | 580.06 | -310.07 | -467.77 |
Profit Before Tax | 166.61 | 231.78 | 203.21 | 352.44 | -565.98 | -729.11 |
Profit After Tax | 115.19 | 85.62 | 184.58 | 376.99 | -625.80 | -449.30 |
Equity Holders of Parent Company | 93.77 | -30.83 | -41.23 | 376.99 | -625.80 | -449.30 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2024 |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 2,999.96 | 3,025.87 | 3,363.69 | 3,707.04 | 3,299.82 | 4,188.93 |
Total Current Assets | 562.65 | 739.92 | 660.59 | 658.59 | 406.93 | 587.69 |
Total Assets | 3,562.61 | 3,765.78 | 4,024.28 | 4,365.63 | 3,706.75 | 4,776.62 |
Total Liabilities | 3,020.14 | 3,309.05 | 3,540.03 | 3,844.88 | 3,771.39 | 4,217.56 |
Total Net Assets | 542.47 | 456.73 | 484.24 | 520.76 | -64.64 | 559.06 |
Shareholders Funds | 542.47 | 456.73 | 484.24 | 520.76 | -64.64 | 559.06 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 542.47 | 456.73 | 484.24 | 520.76 | -64.64 | 559.06 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy1 |
Buy0 |
Neutral0 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 1 | 0 | 0 | 0 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2025 | 2026 |
---|---|---|
Revenue | £953.56mn | £942.00mn |
Pre-tax-Profit | £217.72mn | £169.60mn |
EPS | £0.01p | £0.02p |
EPS Growth | -76.03% | 162.49% |
P/E | 13.57 | 5.17 |
PEG Ratio | -0.18 | 0.03 |
Dividend | 1.43p | 0.60p |
Yield | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
31st Mar 2025 | Canaccord Genuity | Reiteration | 16p | 0p | 0p | Buy |
12th Sep 2024 | Canaccord Genuity | Reiteration | 11p | 30p | 27p | Buy |
10th Jul 2024 | Canaccord Genuity | Reiteration | 13p | 33p | 30p | Speculative Buy |
24th Apr 2024 | Canaccord Genuity | DownGrade | 16p | 0p | 0p | Buy |
12th Sep 2023 | Barclays | Reiteration | 15p | 0p | 22p | Equal-weight |
10th Jul 2023 | Jefferies | Upgrade | 15p | 0p | 20p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
16 May 2025 | 08:31 | 12.16 | 4,319 | Buy |
16 May 2025 | 08:31 | 12.16 | 8 | Buy |
16 May 2025 | 08:31 | 12.16 | 100 | Buy |
16 May 2025 | 08:31 | 12.02 | 1,200 | Sell |
16 May 2025 | 08:21 | 12.18 | 16 | Buy |
16 May 2025 | 08:05 | 12.112 | 1,000 | Buy |
16 May 2025 | 08:02 | 11.92 | 645 | Sell |
16 May 2025 | 08:00 | 12.10592 | 8,187 | Buy |
16 May 2025 | 08:00 | 12.10992 | 8,536 | Buy |
16 May 2025 | 08:00 | 11.9 | 198 | Sell |
15 May 2025 | 16:35 | 12.16 | 258,510 | Sell |
15 May 2025 | 16:18 | 12.18 | 6,794 | Buy |
15 May 2025 | 16:18 | 12.18 | 7,657 | Buy |
15 May 2025 | 16:18 | 12.18 | 3,861 | Buy |
15 May 2025 | 16:18 | 12.18 | 4,067 | Buy |
15 May 2025 | 16:18 | 12.18 | 1,780 | Sell |
15 May 2025 | 15:57 | 12.2 | 200 | Buy |
15 May 2025 | 15:57 | 12.2 | 763 | Buy |
15 May 2025 | 15:57 | 12.2 | 3,206 | Buy |
15 May 2025 | 15:57 | 12.14 | 12,340 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.