EnQuest (LON:ENQ) Stock Passes Above 200-Day Moving Average – What’s Next?

EnQuest PLC (LON:ENQ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 11.59 and traded as high as GBX 14.42. EnQuest shares last traded at GBX 14.16, with a volume of 18,470,709 shares trading hands.

Analyst Upgrades and Downgrades

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

EnQuest Stock Performance

The business’s fifty day moving average is GBX 11.18 and its 200-day moving average is GBX 11.59. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00. The company has a market cap of £272.91 million, a PE ratio of -2.45, a P/E/G ratio of 0.07 and a beta of 1.43.

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.

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