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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
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Share Price: 15.32
Bid: 15.34
Ask: 15.50
Change: -0.44 (-2.79%)
Spread: 0.16 (1.043%)
Open: 15.72
High: 15.72
Low: 15.30
Prev. Close: 15.76
ENQ Live PriceLast checked at -

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SMALL-CAP WINNERS & LOSERS: EnQuest rises on GBP46 million sale

Fri, 22nd Dec 2023 09:51

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

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SMALL-CAP - WINNERS

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EnQuest PLC, up 8.0% at 15.37 pence, 12-month range 11.87p-24.05p. Shares in the oil and gas producer jump. Says it has reached agreement with Viaro Energy's subsidiary, RockRose UKCS 10 Ltd, to sell a 15% working interest in each of the Bressay field and the EnQuest Producer floating production, storage and offloading vessel, both located in the UK North Sea. EnQuest will receive GBP46.0 million for the sale, including an initial payment of BP34.8 million and a further payment of GBP11.3 million.

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Capital Ltd, up 2.0% at 85.71, 12-month range 74.00p-118.00p. The mining services company adds to Thursday's gains. On Thursday, Capital reported the largest contract award in the history of a majority-owned subsidiary. MSALabs, a geochemical laboratory services provider, won a contract worth USD140 million over five years, with annual revenue of USD30 million once fully operational. The contract is for comprehensive lab services with Nevada Gold Mines in the US. "This long-term contract entrenches MSALabs presence in the Americas, both operationally given the full suite of services across preparation, PhotonAssay, fire assay and multi-element chemistry at a major operation, and also geographically, expanding its footprint in the Americas from its multiple laboratories across Canada and South America," Capital said.

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SMALL-CAP - LOSERS

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Superdry PLC, down 1.2% at 32.85p, 12-month range 28.1p-168.00p. Shares in the clothing retailer fall, following a disappointing update from Nike Inc, which also dragged down shares in other London clothing retailers. Nike shares fell 12% in after-market trading in New York. Nike warns it expects a "softer" second-half revenue outlook but emphasised it remained focused on "strong" gross margin execution and disciplined cost management. Regarding costs, the sportswear company says it "is identifying opportunities to deliver up to USD2 billion in cumulative cost savings over the next three years. Areas of potential savings include simplifying our product assortment, increasing automation and use of technology, streamlining our organization, and leveraging our scale to drive greater efficiency."

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By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. 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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