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An update from Enquest ( (GB:ENQ) ) is now available.
EnQuest PLC announced the repurchase of its own shares, purchasing 276,967 shares at an average price of 11.16 GBp per share on December 18, 2024. This move is part of a larger share repurchase program initiated on April 29, 2024, under which EnQuest has bought back over 54 million shares. The repurchased shares were partially retained for future issuance to the company’s employee benefit trust and partially canceled, reducing the total number of shares in circulation. This strategic action reflects EnQuest’s efforts to optimize its capital structure and potentially enhance shareholder value.
More about Enquest
EnQuest PLC operates in the energy sector, focusing on the extraction and production of oil and gas. The company primarily engages in upstream activities and aims to maximize the value from its assets in the North Sea and beyond.
YTD Price Performance: -28.38%
Average Trading Volume: 2,846,954
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £200.2M
See more data about ENQ stock on TipRanks’ Stock Analysis page.
