EnQuest (LON:ENQ) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

EnQuest PLC (LON:ENQ)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 12.09 ($0.16) and traded as high as GBX 13.36 ($0.18). EnQuest shares last traded at GBX 13.18 ($0.17), with a volume of 3,032,109 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating on shares of EnQuest in a research note on Monday, March 31st.

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 firm has a market capitalization of £304.32 million, a PE ratio of 15.04, a P/E/G ratio of 0.07 and a beta of 1.43. The business’s 50 day moving average is GBX 12.67 and its two-hundred day moving average is GBX 12.09.

EnQuest Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, May 1st will be given a dividend of GBX 0.62 ($0.01) per share. This represents a dividend yield of 3.73%. The ex-dividend date is Thursday, May 1st.

About EnQuest

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.