EnQuest (LON:ENQ) Shares Cross Above 200 Day Moving Average of $14.17

EnQuest PLC (LON:ENQ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 14.17 ($0.18) and traded as high as GBX 16.35 ($0.21). EnQuest shares last traded at GBX 16.24 ($0.20), with a volume of 2,069,055 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered EnQuest to a “buy” rating in a research report on Wednesday, April 24th.

EnQuest Stock Performance

The firm has a market cap of £313.03 million, a PE ratio of -1,624.00, a price-to-earnings-growth ratio of 0.07 and a beta of 1.48. The business has a 50 day simple moving average of GBX 14.80 and a two-hundred day simple moving average of GBX 14.17. The company has a quick ratio of 0.75, a current ratio of 0.87 and a debt-to-equity ratio of 262.16.

About EnQuest

EnQuest PLC operates as an oil and gas production and development company. The company explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Scolty/Crathes, Greater Kittiwake Area, Alba, Dons area, and Alma/Galia.