EnQuest (LON:ENQ) Trading Up 0.9% – Should You Buy?

EnQuest PLC (LON:ENQ)’s stock price was up 0.9% during trading on Monday . The stock traded as high as GBX 11.02 ($0.14) and last traded at GBX 10.80 ($0.14). Approximately 3,907,622 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 3,602,144 shares. The stock had previously closed at GBX 10.70 ($0.14).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on shares of EnQuest from GBX 30 ($0.38) to GBX 27 ($0.34) and set a “buy” rating for the company in a research note on Thursday, September 12th.

EnQuest Trading Up 1.1 %

The firm has a market cap of £207.04 million, a PE ratio of -1,084.00, a P/E/G ratio of 0.07 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00. The company’s 50 day moving average price is GBX 11.32 and its two-hundred day moving average price is GBX 12.49.

Insider Buying and Selling

In other EnQuest news, insider Amjad Bseisu sold 368,773 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of GBX 95 ($1.21), for a total transaction of £350,334.35 ($446,912.04). 17.34% of the stock is currently owned by insiders.

About EnQuest

EnQuest PLC operates as an oil and gas production and development company, explores, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Golden Eagle, Scolty/Crathes, Greater Kittiwake Area, and Alba; and PM8/Seligi projects.