EnQuest (LON:ENQ) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

by · The Markets Daily

EnQuest PLC (LON:ENQ – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 11.64 and traded as high as GBX 15.54. EnQuest shares last traded at GBX 15.06, with a volume of 4,102,112 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ENQ shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 24 price objective on shares of EnQuest in a research note on Monday, November 10th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 28 price target on shares of EnQuest in a research report on Monday, November 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 15 price target on shares of EnQuest in a research note on Wednesday, February 4th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 20 target price on shares of EnQuest in a research report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 21.75.

View Our Latest Report on ENQ

EnQuest Price Performance

The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75. The company has a market cap of £279.97 million, a PE ratio of -2.51, a P/E/G ratio of 0.07 and a beta of 1.43. The company has a 50-day moving average price of GBX 11.73 and a two-hundred day moving average price of GBX 11.64.

About EnQuest

(Get Free Report)

EnQuest is providing creative solutions through the energy transition.

EnQuest is an independent energy company. We focus on mature late-life assets, responsibly optimising production to provide energy security. Where we can, we repurpose our infrastructure to deliver renewable energy and decarbonisation projects before executing world-class decommissioning.

Shares in the Company trade on the London Stock Exchange (ENQ.L).

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