EnQuest PLC

LSE:ENQ Stock Report

Market Cap: UK£362.2m

EnQuest Future Growth

Future criteria checks 0/6

EnQuest's revenue and earnings are forecast to decline at 5.5% and 13% per annum respectively. EPS is expected to decline by 20% per annum. Return on equity is forecast to be -9.2% in 3 years.

Key information

-13.0%

Earnings growth rate

-20.04%

EPS growth rate

Oil and Gas earnings growth7.1%
Revenue growth rate-5.5%
Future return on equity-9.23%
Analyst coverage

Good

Last updated04 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 01

ENQ: Persistent Geopolitical Risk Premium Will Support Medium Term Upside

Narrative update on EnQuest EnQuest's analyst price target has been reset higher, with the fair value estimate moving from about £0.19 to roughly £0.30. Analysts are factoring in updated assumptions on discount rate, revenue trends, profit margins and a higher forward P/E, following recent rating and target changes around the evolving geopolitical risk premium in oil and gas markets.
Narrative Update • May 18

ENQ: Persistent Geopolitical Risk Premium Will Support Cash Flow And Margin Strength

EnQuest's analyst price target has shifted within a tight £0.01 range, as analysts factor in a slightly higher discount rate, more conservative revenue growth assumptions, and a modestly stronger profit margin outlook following recent rating and target changes related to the evolving geopolitical risk premium in oil and gas prices. Analyst Commentary Recent research updates around EnQuest have centered on how the evolving geopolitical risk premium in oil and gas prices feeds into valuation assumptions, with JPMorgan and other bullish analysts refining their views on discount rates, revenue profiles, and margin potential.
Narrative Update • May 02

ENQ: Geopolitical Risk Premium Will Support Upgraded Overweight Outlook And Earnings Power

Analysts have lifted their fair value estimate for EnQuest from £0.33 to £0.41, citing revised assumptions for revenue growth, profit margins and a lower future P/E multiple following recent price target adjustments and an upgrade to Overweight. Analyst Commentary Recent Street research on EnQuest has centered on revised price targets and a ratings upgrade, with JPMorgan moving to an Overweight stance and adjusting its valuation framework around oil price risk.
Narrative Update • Apr 17

ENQ: Persistent Geopolitical Pricing Risk Will Likely Cap Future Upside Potential

Analysts have trimmed their fair value estimate for EnQuest slightly to £0.15 per share, reflecting updated discount rate assumptions, a modestly weaker revenue outlook, and stronger margin and P/E expectations following recent price target moves that included both a £0.01 reduction and a £0.01 increase on JPMorgan's revised £0.25 target. Analyst Commentary Recent research moves around EnQuest underline that sentiment is mixed, even with an upgraded recommendation and a higher headline price target of 25 GBp from JPMorgan.
Narrative Update • Apr 03

ENQ: Persistent Geopolitical Premium Dependence Will Likely Constrain Future Risk Reward

Analysts have raised EnQuest's fair value estimate from £0.11 to £0.15 per share, reflecting a revised £25 price target. They also note that a persistent geopolitical risk premium in oil markets supports a modestly higher P/E and slightly stronger margins than previously assumed.
Narrative Update • Mar 20

ENQ: Geopolitical Risk Premium Will Support Repriced Cash Flows And Earnings Power

Analysts have lifted their price target on EnQuest shares from £0.11 to £0.25, citing a shift in perceived oil and gas price risk that supports a higher fair value estimate and a lower discount rate, despite more conservative assumptions for revenue growth and profit margins and a higher future P/E. Analyst Commentary Recent research has highlighted a more constructive stance on EnQuest, with price targets moving to £0.25 per share and ratings shifting to more positive views.
Narrative Update • Mar 06

ENQ: Geopolitical Risk Premium Reliance Will Likely Pressure Future Risk Reward

Narrative Update on EnQuest Analysts have lifted their EnQuest price target from £0.0795 to £0.1145, citing a reassessment of fair value and risk as they factor in a sustained geopolitical risk premium on oil and gas prices. Analyst Commentary The latest move from JPMorgan, which raised its rating on EnQuest to Overweight and set a new price target of 25 GBp from 11 GBp, is anchored on the view that ongoing geopolitical tensions could keep a risk premium embedded in oil and gas prices.
Narrative Update • Feb 20

ENQ: Vietnam Block Extension And Higher Output Will Support Medium Term Upside

Analysts have lifted their fair value estimate for EnQuest from £0.18 to about £0.19, citing updated assumptions for discount rates, revenue trends, margins and future P/E. These updates feed into a slightly higher price target.
Narrative Update • Feb 05

ENQ: Higher 2025 Production Guidance Will Support A Constructive Medium Term Outlook

Analysts have reduced their fair value estimate for EnQuest from £0.18 to £0.18 per share, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E that together indicate a slightly more cautious outlook on the shares. What's in the News EnQuest issued full year 2025 production guidance, with 2025 production expected to be at or above the top end of the Group's guidance range of 40 Kboed to 45 Kboed, including pro forma Vietnam volumes (Key Developments).
Narrative Update • Jan 22

ENQ: Future Margin And Revenue Headwinds Will Likely Weigh On Risk Reward

Narrative update on EnQuest The analyst price target for EnQuest has edged lower to £0.08, with the small reduction grounded in updated analyst assumptions around fair value, discount rate, revenue trends and profit margins, while the forward P/E view has been left broadly unchanged. What's in the News EnQuest issued full year 2025 production guidance, indicating that full year production is expected to be at, or above, the top end of its Group guidance range of 40 Kboed to 45 Kboed, including pro forma Vietnam volumes (Key Developments).
Analysis Article • Jan 15

Insufficient Growth At EnQuest PLC (LON:ENQ) Hampers Share Price

With a price-to-sales (or "P/S") ratio of 0.3x EnQuest PLC ( LON:ENQ ) may be sending bullish signals at the moment...
Narrative Update • Jan 08

ENQ: Higher 2025 Production Guidance Will Support A Constructive Medium Term Outlook

Analysts have trimmed their fair value estimate for EnQuest from about £0.19 to £0.18 per share, pointing to slightly softer revenue expectations, a modestly higher discount rate, and only marginal changes to profit margin and forward P/E assumptions. What's in the News EnQuest issued full year 2025 production guidance, with management expecting production to be at, or above, the top end of its 40 Kboed to 45 Kboed range, including pro forma Vietnam volumes (company guidance).
Narrative Update • Dec 21

ENQ: Future Profit Margin Compression Will Likely Undermine Risk Reward Profile

Analysts have trimmed their price target on EnQuest from approximately £0.12 to £0.08 per share, citing slightly weaker long term revenue growth assumptions, a lower projected profit margin, and a modestly higher forward P/E multiple that together temper the stock’s risk reward profile. What's in the News Reaffirmed full year 2025 production guidance at 40,000 to 45,000 boed, supported by strong underlying asset performance and optimised output at Magnus (company guidance).
Narrative Update • Dec 07

ENQ: Future Production Levels Will Support A Constructive Medium Term Outlook

Analysts have trimmed their price target on EnQuest slightly, citing a modest downward revision in fair value estimates to around $0.19 per share. This reflects expectations for slightly weaker margins and slower growth, partially offset by a higher projected future P/E multiple.
Narrative Update • Nov 23

ENQ: Improved Margins and Production Efficiency Will Support Bullish Outlook

Narrative Update on EnQuest EnQuest's analyst price target has been modestly revised downward from 24 GBp to 14 GBp. Analysts now project improved profit margins and discount rates but temper expectations amid mixed sector outlooks and valuation adjustments. Analyst Commentary Recent research updates have offered a blended view of EnQuest's outlook, with both opportunities and risks highlighted for investors.
Narrative Update • Nov 03

ENQ: Indonesia Expansion And Solid Output Will Drive Future Returns

Analysts modestly adjusted EnQuest's price target, with new estimates reflecting a slight decrease in future price-earnings expectations. Research suggests steady fundamentals but limited immediate growth prospects.
Narrative Update • Oct 20

Southeast Asia And Kraken Projects Will Shape Prospects Amid Risks

Analysts have lowered their fair value estimate for EnQuest from £0.20 to £0.19. This change reflects updated industry perspectives and recent research highlighting moderate growth expectations and sector positioning.
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New Narrative • Feb 10

Veri Energy's Expansion Into Transitional Energy Projects Will Drive Future Opportunities

Strong operational efficiency and a differentiated tax position enhance EnQuest's competitiveness, supporting revenue growth and improved net margins.
Analysis Article • Feb 22

Is EnQuest PLC (LON:ENQ) Trading At A 46% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, EnQuest fair value estimate is UK£0.35 EnQuest is estimated to...
Analysis Article • Nov 08

Is EnQuest (LON:ENQ) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • May 26

Need To Know: Analysts Just Made A Substantial Cut To Their EnQuest PLC (LON:ENQ) Estimates

Market forces rained on the parade of EnQuest PLC ( LON:ENQ ) shareholders today, when the analysts downgraded their...
Analysis Article • Apr 28

Here's Why EnQuest (LON:ENQ) Has A Meaningful Debt Burden

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 17

EnQuest's (LON:ENQ) Stock Price Has Reduced 51% In The Past Three Years

EnQuest PLC ( LON:ENQ ) shareholders will doubtless be very grateful to see the share price up 38% in the last quarter...
Analysis Article • Jan 13

What Kind Of Shareholders Own EnQuest PLC (LON:ENQ)?

A look at the shareholders of EnQuest PLC ( LON:ENQ ) can tell us which group is most powerful. Large companies usually...
Analysis Article • Dec 09

How Much Is EnQuest PLC (LON:ENQ) CEO Getting Paid?

Amjad Bseisu has been the CEO of EnQuest PLC ( LON:ENQ ) since 2010, and this article will examine the executive's...

Earnings and Revenue Growth Forecasts

LSE:ENQ - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,036461364196
12/31/20271,08117963547
12/31/20261,2391451534746
12/31/20251,1182183363N/A
9/30/20251,131-54159369N/A
6/30/20251,144-110135377N/A
3/31/20251,162-8195443N/A
12/31/20241,18194255508N/A
9/30/20241,24257397607N/A
6/30/20241,30321539707N/A
3/31/20241,395-5570730N/A
12/31/20231,487-31601754N/A
9/30/20231,636-148632779N/A
6/30/20231,785-266662804N/A
3/31/20231,819-154738868N/A
12/31/20221,854-41815932N/A
9/30/20221,738298820929N/A
6/30/20221,623637825926N/A
3/31/20221,445507719800N/A
12/31/20211,266377612674N/A
9/30/20211,086162530584N/A
6/30/2021906-54448494N/A
3/31/2021885-262419508N/A
12/31/2020864-470390521N/A
9/30/20201,067-718502675N/A
6/30/20201,270-966613828N/A
3/31/20201,458-708669895N/A
12/31/20191,646-449725962N/A
9/30/20191,605-161N/A913N/A
6/30/20191,563128N/A864N/A
3/31/20191,431128N/A829N/A
12/31/20181,298127N/A794N/A
9/30/20181,06740N/A642N/A
6/30/2018836-47N/A490N/A
3/31/2018732-54N/A396N/A
12/31/2017627-61N/A302N/A
9/30/20176931N/A331N/A
6/30/201775863N/A360N/A
3/31/2017778124N/A370N/A
12/31/2016798185N/A379N/A
9/30/2016837-261N/A362N/A
6/30/2016876-707N/A344N/A
3/31/2016892-733N/A294N/A
12/31/2015909-759N/A245N/A
9/30/2015924-449N/A355N/A
6/30/2015940-139N/A465N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENQ's earnings are forecast to decline over the next 3 years (-13% per year).

Earnings vs Market: ENQ's earnings are forecast to decline over the next 3 years (-13% per year).

High Growth Earnings: ENQ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ENQ's revenue is expected to decline over the next 3 years (-5.5% per year).

High Growth Revenue: ENQ's revenue is forecast to decline over the next 3 years (-5.5% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ENQ is forecast to be unprofitable in 3 years.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/04 10:26
End of Day Share Price 2026/06/04 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

EnQuest PLC is covered by 24 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alessandro PozziBarclays
David RoundBMO Capital Markets Equity Research
Cian Evans-CowieBofA Global Research