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Pin to quick picksEnquest Share News (ENQ)

Share Price Information for Enquest (ENQ)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 16.22
Bid: 16.24
Ask: 16.28
Change: 0.36 (2.27%)
Spread: 0.04 (0.246%)
Open: 16.60
High: 16.60
Low: 15.74
Prev. Close: 15.86
ENQ Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: SIG sinks on wider annual loss, no payout

Thu, 25th Mar 2021 10:54

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

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SMALL-CAP - WINNERS

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Mears Group, up 4.2% at 197.00 pence, 12-month range 101p-200p. The housing solutions provider says it expects 2020 continuing revenue of about GBP811 million, down from GBP884 million in 2019. It also expects 2020 pretax loss of about GBP3.5 million from a GBP31.8 million profit in 2019. Mears says it is pleased with trading during the first quarter of 2021 and is confident of a full recovery as lockdown restrictions are lifted.

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Vitec Group, up 1.8% at 1,140p, 12-month range 540p-1,195.50p. Jefferies hikes its price target on the Richmond, West London-based photography and video products maker to 1,370p from 980p, maintains Buy rating.

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SMALL-CAP - LOSERS

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SIG, down 8.1% at 36.73p, 12-month range 145.50p-445.14p. The building products supplier posts 2020 pretax loss GBP202.3 million, widened from GBP112.7 million in 2019 on revenue of GBP1.87 billion, down from GBP2.16 billion. SIG pays no 2020 dividend after 1.25p in 2019. Full year like-for-like sales were down 13%, with a solid recovery in the second half. Looking ahead, says trading in 2021 to date is in line with management expectations, but Covid-19 related uncertainty remains.

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EnQuest, down 5.5% at 19p, 12-month range 7.2p-25.3p. The oil and gas company swings to 2020 pretax loss of USD20.0 million from USD442.2 million in 2019 on revenue of USD856.9 million, halved from USD1.71 billion in 2019. Looking ahead, says shutdowns with a duration equivalent of around two weeks are planned over the summer to undertake essential maintenance work, while further production enhancement activities will continue to be assessed and implemented throughout the year.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
22 Dec 2023 07:40

EnQuest sells Bressay share to RockRose

(Sharecast News) - EnQuest announced an agreement with RockRose UKCS 10 Ltd, a subsidiary of Viaro Energy, over the sale of a 15% working interest in both the Bressay field and the EnQuest Producer floating production, storage, and offloading (FPSO) vessel on Friday.

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7 Dec 2023 18:03

IN BRIEF: EnQuest CFO Malik to lead subsidiary Veri Energy

EnQuest PLC -- Says Salman Malik, chief financial officer and managing director of Infrastructure & New Energy, will assume the role of chief executive officer of Veri Energy, a wholly owned subsidiary of EnQuest. Salman will remain an executive director of the company. Also, says it has appointed Jonathan Copus as EnQuest CFO, effective from February 1. In the interim, says Malik and Copus will work together to undertake an "effective and orderly transition."

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5 Dec 2023 18:09

EARNINGS AND TRADING: Oxford Metrics revenue up; TPXimpact loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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4 Dec 2023 10:11

SMALL-CAP WINNERS & LOSERS: Petrofac jumps despite free cash flow miss

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

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28 Nov 2023 14:37

IN BRIEF: EnQuest production in line with guidance

EnQuest PLC - London-based oil and gas producer with assets in the UK and Malaysia - Says that in the 10 months to October 31, average net production was 43,871 barrels of oil equivalent per day, in line with guidance. As a result, expects full-year production around the mid-point of its guidance range of 42,000 boepd to 46,000 boepd. Says operating expenditure for the year is expected to be around USD400 million, which is lower than original guidance of USD425 million, due to "lower than budgeted diesel and chemical costs." CEO Amjad Bseisu says: "Building on this excellent operational performance and by remaining disciplined in our investment decisions, we are on track to deliver on our 2023 targets. We are encouraged by government announcements relating to the fiscal regime governing the UK's oil and gas sector, as we remain engaged in efforts to encourage legislation which supports investment in the UK's delivery of energy security, decarbonisation and energy transition."

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28 Nov 2023 08:56

Enquest continues to deliver 'good production performance'

(Sharecast News) - Exploration and production company Enquest said on Tuesday that it has continued to deliver a "good production performance" from its operated assets.

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8 Nov 2023 10:20

SMALL-CAP WINNERS & LOSERS: Capita continues win streak; STV falls

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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30 Oct 2023 19:16

TRADING UPDATES: Digital 9 dismisses call for strategic review

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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18 Oct 2023 10:06

SMALL-CAP WINNERS & LOSERS: Kin & Carta accepts private equity buyout

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

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18 Oct 2023 09:39

LONDON BROKER RATINGS: Citigroup cuts Wizz Air to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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3 Oct 2023 09:35

LONDON BROKER RATINGS: UBS cuts Burberry; JPMorgan likes EnQuest

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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5 Sep 2023 17:00

LONDON MARKET CLOSE: Stocks and sterling slides amid China worries

(Alliance News) - Stock prices in London ended worse on Tuesday as lower-than-expected growth for the Chinese service sector reignited worries about the health of the world's second-largest economy.

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5 Sep 2023 15:22

London close: Stocks fall on back of weak services data

(Sharecast News) - London's stock markets ended the trading day in negative territory on Tuesday, pressured by a decline in sterling against the dollar on the back of disappointing services sector data.

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5 Sep 2023 11:59

LONDON MARKET MIDDAY: China recovery fears cap further FTSE 100 gains

(Alliance News) - Stock prices in London struggled to make substantial gains at midday on Tuesday, with market mood tempered by fresh worries for the beleaguered Chinese economy.

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5 Sep 2023 11:07

Enquest profit declines; to delist from Nasdaq Stockholm due to Brexit

(Alliance News) - Enquest on Tuesday announced a sharply lower half-year profit as it applied to delist from the Nasdaq Stockholm, citing Brexit.

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