EnQuest (LON:ENQ) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

EnQuest PLC (LON:ENQ)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 11.65 and traded as high as GBX 11.90. EnQuest shares last traded at GBX 11.90, with a volume of 2,945,984 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ENQ shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 20 target price on shares of EnQuest in a research note on Thursday, November 13th. Peel Hunt reissued a “buy” rating and issued a GBX 24 price target on shares of EnQuest in a report on Monday, November 10th. Finally, Shore Capital restated a “buy” rating and set a GBX 28 price objective on shares of EnQuest in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 24.

EnQuest Stock Performance

The company has a fifty day moving average of GBX 10.79 and a two-hundred day moving average of GBX 11.65. The stock has a market capitalization of £221.23 million, a P/E ratio of -1.98, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75.

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).