EnQuest (LON:ENQ) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

EnQuest PLC (LON:ENQ)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 20.29 and traded as high as GBX 26.60. EnQuest shares last traded at GBX 26.10, with a volume of 38,870,832 shares changing hands.

Analyst Upgrades and Downgrades

ENQ has been the topic of a number of recent analyst reports. Shore Capital Group reaffirmed a “buy” rating on shares of EnQuest in a research report on Thursday, April 23rd. Jefferies Financial Group reissued a “restricted” rating and issued a GBX 25 price target on shares of EnQuest in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. raised their price objective on EnQuest from GBX 29 to GBX 35 and gave the stock an “overweight” rating in a report on Friday, July 3rd. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, EnQuest has an average rating of “Buy” and an average price target of GBX 26.40.

EnQuest Stock Performance

The company has a debt-to-equity ratio of 204.44, a current ratio of 0.72 and a quick ratio of 0.75. The stock has a 50 day simple moving average of GBX 24.13 and a two-hundred day simple moving average of GBX 20.44. The company has a market cap of £500.63 million, a PE ratio of 269.00, a PEG ratio of 0.07 and a beta of 0.02.

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).