EnQuest (OTCMKTS:ENQUF) Trading 9.7% Higher – Still a Buy?

EnQuest (OTCMKTS:ENQUFGet Free Report) shares rose 9.7% on Friday . The company traded as high as $0.3761 and last traded at $0.3761. Approximately 1,300 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 23,281 shares. The stock had previously closed at $0.3430.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of EnQuest in a report on Friday, June 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on EnQuest

EnQuest Stock Performance

The company has a 50-day moving average of $0.34 and a 200-day moving average of $0.30. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.72 and a quick ratio of 0.68.

About EnQuest

(Get Free Report)

EnQuest plc is an independent energy company focused on the development, production and management of oil and gas assets. The company’s activities include operating mature fields, extending the productive lives of existing infrastructure, developing new reserves and decommissioning assets when production ends.

EnQuest’s principal operations have historically been in the United Kingdom Continental Shelf, particularly the North Sea. Its portfolio has included the Kraken, Magnus, Thistle, Heather and Broom fields, as well as related production and infrastructure interests.

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