EnQuest (LON:ENQ) Hits New 12-Month High – Should You Buy?

EnQuest PLC (LON:ENQGet Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 27.95 and last traded at GBX 27.92, with a volume of 5862713 shares changing hands. The stock had previously closed at GBX 26.10.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ENQ. Jefferies Financial Group restated a “restricted” rating and set a GBX 25 price objective on shares of EnQuest in a research note on Thursday, June 11th. 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. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 26.40.

Check Out Our Latest Stock Report on ENQ

EnQuest Price Performance

The company has a market capitalization of £500.63 million, a P/E ratio of 269.00, a price-to-earnings-growth ratio of 0.07 and a beta of 0.02. The company has a fifty day moving average price of GBX 24.13 and a 200 day moving average price of GBX 20.44. The company has a debt-to-equity ratio of 204.44, a current ratio of 0.72 and a quick ratio of 0.75.

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).

See Also

Receive News & Ratings for EnQuest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnQuest and related companies with MarketBeat.com's FREE daily email newsletter.