EnQuest (LON:ENQ) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of EnQuest PLC (LON:ENQGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 12.47 ($0.17) and traded as high as GBX 14.68 ($0.20). EnQuest shares last traded at GBX 14.44 ($0.19), with a volume of 7,569,490 shares trading hands.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on ENQ

EnQuest Price Performance

The stock’s 50-day moving average price is GBX 12.60 and its 200 day moving average price is GBX 12.47. The firm has a market cap of Ā£333.41 million, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00.

EnQuest Dividend Announcement

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

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.

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