EnQuest (LON:ENQ) Sets New 52-Week High – Still a Buy?

EnQuest PLC (LON:ENQ) reached a new 52-week high on Monday . The stock traded as high as GBX 20.35 and last traded at GBX 19.70, with a volume of 16325684 shares. The stock had previously closed at GBX 19.18.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ENQ shares. JPMorgan Chase & Co. upgraded EnQuest to a “neutral” rating and lifted their price target for the company from GBX 11 to GBX 25 in a research note on Thursday, March 5th. Jefferies Financial Group restated a “buy” rating and set a GBX 15 price objective on shares of EnQuest in a research report on Wednesday, February 4th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 22.40.

EnQuest Stock Performance

The business’s 50 day simple moving average is GBX 14.31 and its two-hundred day simple moving average is GBX 12.25. The stock has a market cap of £376.46 million, a P/E ratio of -3.38, a PEG ratio of 0.07 and a beta of 0.25. The company has a quick ratio of 0.75, a current ratio of 0.89 and a debt-to-equity ratio of 298.30.

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).