EnQuest (LON:ENQ) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of EnQuest PLC (LON:ENQ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 12.81 and traded as high as GBX 20.20. EnQuest shares last traded at GBX 19.56, with a volume of 9,316,471 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ENQ shares. Shore Capital Group restated a “buy” rating on shares of EnQuest in a report on Wednesday, March 25th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 15 price target on shares of EnQuest in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised shares of EnQuest to a “neutral” rating and increased their price objective for the stock from GBX 11 to GBX 25 in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 22.40.

EnQuest Trading Down 5.3%

The stock has a fifty day moving average of GBX 16.16 and a 200-day moving average of GBX 12.81. The company has a market cap of £363.63 million, a PE ratio of -3.26, a PEG ratio of 0.07 and a beta of 1.12. The company has a debt-to-equity ratio of 204.44, a quick ratio of 0.75 and a current ratio of 0.72.

EnQuest Company Profile

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).