EnQuest (LON:ENQ) Hits New 1-Year High – Time to Buy?

EnQuest PLC (LON:ENQGet Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as GBX 27.45 and last traded at GBX 27.35, with a volume of 1376701 shares. The stock had previously closed at GBX 26.90.

Analyst Ratings Changes

A number of analysts recently commented on ENQ shares. Shore Capital Group reaffirmed a “buy” rating on shares of EnQuest in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their target price on shares of EnQuest from GBX 29 to GBX 35 and gave the company an “overweight” rating in a research note on Friday, July 3rd. Finally, Jefferies Financial Group reaffirmed a “restricted” rating and set a GBX 25 price target on shares of EnQuest in a research note on Thursday, June 11th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, EnQuest has a consensus rating of “Buy” and an average target price of GBX 26.40.

Check Out Our Latest Stock Report on EnQuest

EnQuest Price Performance

The company has a 50 day moving average of GBX 22.49 and a 200 day moving average of GBX 18.60. The stock has a market capitalization of £511.80 million, a price-to-earnings ratio of 275.00, a price-to-earnings-growth ratio of 0.07 and a beta of 0.02. The company has a quick ratio of 0.75, a current ratio of 0.72 and a debt-to-equity ratio of 204.44.

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.

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

Further Reading

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