EnQuest (LON:ENQ) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

EnQuest PLC (LON:ENQ) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 12.09 ($0.16) and traded as high as GBX 13.36 ($0.18). EnQuest shares last traded at GBX 13.18 ($0.17), with a volume of 3,032,109 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating on shares of EnQuest in a report on Monday, March 31st.

EnQuest Trading Down 0.7 %

The company has a market capitalization of £312.63 million, a P/E ratio of 15.45, a PEG 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. The business’s 50-day moving average price is GBX 12.72 and its two-hundred day moving average price is GBX 12.10.

EnQuest Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, May 1st will be issued a GBX 0.62 ($0.01) dividend. This represents a dividend yield of 3.73%. The ex-dividend date of this dividend is Thursday, May 1st.

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.