EnQuest (LON:ENQ) Hits New 12-Month High – What’s Next?

EnQuest PLC (LON:ENQ) reached a new 52-week high on Wednesday . The stock traded as high as GBX 16.93 and last traded at GBX 16.56, with a volume of 8076614 shares trading hands. The stock had previously closed at GBX 15.86.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 15 price objective on shares of EnQuest in a research report on Wednesday, February 4th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 20 target price on shares of EnQuest in a report on Thursday, November 13th. Shore Capital Group reiterated a “buy” rating and set a GBX 28 target price on shares of EnQuest in a report on Monday, November 10th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 24 price target on shares of EnQuest in a report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, EnQuest presently has a consensus rating of “Buy” and an average target price of GBX 21.75.

EnQuest Stock Performance

The company has a 50 day moving average of GBX 11.96 and a 200 day moving average of GBX 11.66. The firm has a market cap of £307.86 million, a price-to-earnings ratio of -2.76, a PEG 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.

About EnQuest

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).