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ENQ

EnQuestLSE:ENQ Stock Report

Last Price

UK£0.21

Market Cap

UK£381.8m

7D

-6.1%

1Y

56.3%

Updated

21 Jan, 2022

Data

Company Financials +
ENQ fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

ENQ Stock Overview

EnQuest PLC operates as an oil and gas development and production company, explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia.

EnQuest Competitors

Energean

LSE:ENOG

UK£1.7b

Capricorn Energy

LSE:CNE

UK£931.8m

Tullow Oil

LSE:TLW

UK£844.9m

Serica Energy

AIM:SQZ

UK£633.2m

Price History & Performance

Summary of all time highs, changes and price drops for EnQuest
Historical stock prices
Current Share PriceUK£0.21
52 Week HighUK£0.27
52 Week LowUK£0.12
Beta2.36
1 Month Change15.02%
3 Month Change-18.31%
1 Year Change56.25%
3 Year Change10.37%
5 Year Change-57.00%
Change since IPO-79.99%

Recent News & Updates

Shareholder Returns

ENQGB Oil and GasGB Market
7D-6.1%-4.5%-1.3%
1Y56.3%21.1%7.8%

Return vs Industry: ENQ exceeded the UK Oil and Gas industry which returned 21.1% over the past year.

Return vs Market: ENQ exceeded the UK Market which returned 8.7% over the past year.

Price Volatility

Is ENQ's price volatile compared to industry and market?
ENQ volatility
ENQ Average Weekly Movement8.1%
Oil and Gas Industry Average Movement7.8%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.5%

Stable Share Price: ENQ is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ENQ's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of UK stocks.

About the Company

FoundedEmployeesCEOWebsite
2010885Amjad Bseisuhttps://www.enquest.com

EnQuest PLC operates as an oil and gas development and production company, explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, the Greater Kittiwake Area, Scolty/Crathes, Alba, Thistle/Deveron, Heather/Broom, Alma/Galia, and the Dons area. The company also has interests in the PM8/Seligi and PM409 production sharing contracts in Malaysia.

EnQuest Fundamentals Summary

How do EnQuest's earnings and revenue compare to its market cap?
ENQ fundamental statistics
Market CapUS$517.65m
Earnings (TTM)-US$209.74m
Revenue (TTM)US$908.24m

0.6x

P/S Ratio

-2.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENQ income statement (TTM)
RevenueUS$908.24m
Cost of RevenueUS$704.81m
Gross ProfitUS$203.43m
ExpensesUS$413.16m
Earnings-US$209.74m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.11
Gross Margin22.40%
Net Profit Margin-23.09%
Debt/Equity Ratio3,794.3%

How did ENQ perform over the long term?

See historical performance and comparison

Valuation

Is EnQuest undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ENQ (£0.21) is trading below our estimate of fair value (£0.98)

Significantly Below Fair Value: ENQ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ENQ is unprofitable, so we can't compare its PE Ratio to the UK Oil and Gas industry average.

PE vs Market: ENQ is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ENQ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ENQ is overvalued based on its PB Ratio (13.5x) compared to the GB Oil and Gas industry average (1x).


Future Growth

How is EnQuest forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENQ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: ENQ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ENQ's is expected to become profitable in the next 3 years.

Revenue vs Market: ENQ's revenue is expected to decline over the next 3 years (-4.2% per year).

High Growth Revenue: ENQ's revenue is forecast to decline over the next 3 years (-4.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENQ's Return on Equity is forecast to be high in 3 years time (28.5%)


Past Performance

How has EnQuest performed over the past 5 years?

-35.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ENQ is currently unprofitable.

Growing Profit Margin: ENQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ENQ is unprofitable, and losses have increased over the past 5 years at a rate of 35.3% per year.

Accelerating Growth: Unable to compare ENQ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ENQ is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (63.2%).


Return on Equity

High ROE: ENQ has a negative Return on Equity (-546.76%), as it is currently unprofitable.


Financial Health

How is EnQuest's financial position?


Financial Position Analysis

Short Term Liabilities: ENQ's short term assets ($515.8M) do not cover its short term liabilities ($959.2M).

Long Term Liabilities: ENQ's short term assets ($515.8M) do not cover its long term liabilities ($2.8B).


Debt to Equity History and Analysis

Debt Level: ENQ's net debt to equity ratio (3077.3%) is considered high.

Reducing Debt: ENQ's debt to equity ratio has increased from 244.8% to 3794.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable ENQ has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ENQ is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 52.9% per year.


Dividend

What is EnQuest current dividend yield, its reliability and sustainability?

1.18%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ENQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ENQ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ENQ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ENQ's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ENQ's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Amjad Bseisu (57 yo)

11.92yrs

Tenure

US$1,526,405

Compensation

Mr. Amjad Bseisu formed EnQuest PLC and has been its Chief Executive since 2010. Mr. Bseisu served as the Chief Executive Officer of Petrofac Energy Developments International Limited. He served as the Pre...


CEO Compensation Analysis

Compensation vs Market: Amjad's total compensation ($USD1.53M) is above average for companies of similar size in the UK market ($USD811.52K).

Compensation vs Earnings: Amjad's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ENQ's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: ENQ's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ENQ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.3%.


Top Shareholders

Company Information

EnQuest PLC's employee growth, exchange listings and data sources


Key Information

  • Name: EnQuest PLC
  • Ticker: ENQ
  • Exchange: LSE
  • Founded: 2010
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: UK£381.772m
  • Shares outstanding: 1.84b
  • Website: https://www.enquest.com

Number of Employees


Location

  • EnQuest PLC
  • Cunard House
  • 5th Floor
  • London
  • Greater London
  • SW1Y 4LR
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 21:25
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.