EnQuest (LON:ENQ) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of EnQuest PLC (LON:ENQ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 14.54 and traded as high as GBX 19.90. EnQuest shares last traded at GBX 19.10, with a volume of 4,303,494 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ENQ shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 15 price target on shares of EnQuest in a report on Wednesday, February 4th. Shore Capital Group reaffirmed a “buy” rating on shares of EnQuest in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their price target on shares of EnQuest from GBX 24 to GBX 25 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 22.40.

EnQuest Price Performance

The company has a 50-day moving average of GBX 19.34 and a two-hundred day moving average of GBX 14.54. The company has a debt-to-equity ratio of 204.44, a current ratio of 0.72 and a quick ratio of 0.75. The stock has a market capitalization of £355.47 million, a PE ratio of 191.00, a P/E/G ratio of 0.07 and a beta of 0.03.

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).