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

EnQuest PLC (LON:ENQ) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 12.11 and traded as high as GBX 20. EnQuest shares last traded at GBX 19.24, with a volume of 16,137,856 shares trading hands.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 15 target price on shares of EnQuest in a report on Wednesday, February 4th. JPMorgan Chase & Co. raised shares of EnQuest to a “neutral” rating and increased their price target for the company from GBX 11 to GBX 25 in a report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 22.40.

EnQuest Stock Up 2.1%

The stock has a fifty day moving average price of GBX 13.93 and a two-hundred day moving average price of GBX 12.15. The company has a market cap of £362.53 million, a price-to-earnings ratio of -3.25, a P/E/G ratio of 0.07 and a beta of 0.25. The company has a quick ratio of 0.75, a current ratio of 0.89 and a debt-to-equity ratio of 298.30.

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).