EnQuest (LON:ENQ) Reaches New 1-Year High – Time to Buy?

EnQuest PLC (LON:ENQ – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 27.95 and last traded at GBX 27.20, with a volume of 3477718 shares trading hands. The stock had previously closed at GBX 27.40.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group lowered EnQuest to a “buy” rating and reduced their price target for the company from GBX 50 to GBX 48 in a research report on Friday, September 4th. Jefferies Financial Group reaffirmed a “restricted” rating and issued a GBX 25 target price on shares of EnQuest in a report on Thursday, June 11th. Shore Capital Group reiterated a “house stock” rating and set a GBX 41 price target on shares of EnQuest in a report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of EnQuest from GBX 29 to GBX 35 and gave the company an “overweight” rating in a research report on Friday, July 3rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, EnQuest has a consensus rating of “Buy” and an average price target of GBX 34.60.

Get Our Latest Stock Analysis on EnQuest

EnQuest Stock Down 0.7%

The company has a current ratio of 0.64, a quick ratio of 0.75 and a debt-to-equity ratio of 231.41. The stock has a market cap of £506.21 million, a PE ratio of 3.73, a P/E/G ratio of 0.07 and a beta of 0.02. The business has a 50 day moving average of GBX 25.65 and a 200-day moving average of GBX 22.78.

EnQuest Company Profile

(Get Free Report)

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).

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