EnQuest (ENQUF) Expected to Announce Earnings on Wednesday

EnQuest (OTCMKTS:ENQUF) is projected to release its results before the market opens on Wednesday, March 25th. Analysts expect EnQuest to post earnings of ($0.03) per share and revenue of $507.00 million for the quarter.

EnQuest Price Performance

Shares of OTCMKTS ENQUF opened at $0.27 on Tuesday. The company’s fifty day moving average is $0.20 and its 200-day moving average is $0.17. EnQuest has a twelve month low of $0.13 and a twelve month high of $0.27. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.89 and a quick ratio of 0.82.

About EnQuest

EnQuest plc is an independent oil and gas production company with core operations in the UK North Sea and Malaysia. The company focuses on the exploration, development and production of both onshore and offshore hydrocarbon reserves. In the UK, EnQuest’s portfolio includes a range of mature and brownfield assets such as the Magnus, Thistle, Thistle Alpha North and Kraken fields, where it applies enhanced recovery techniques to extend field life and optimise production. In Malaysia, EnQuest operates through its subsidiary, managing assets such as the North Sabah fields under production sharing contracts.

Founded in 2010 through the consolidation of Petrofac’s North Sea assets, EnQuest has grown through a combination of strategic acquisitions and in-house development projects.