EnQuest (LON:ENQ) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

EnQuest PLC (LON:ENQ)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 12.38 ($0.17) and traded as high as GBX 13.44 ($0.18). EnQuest shares last traded at GBX 12.88 ($0.17), with a volume of 2,587,366 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating on shares of EnQuest in a research note on Monday, March 31st.

EnQuest Price Performance

The business’s 50-day simple moving average is GBX 13.17 and its 200 day simple moving average is GBX 12.38. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 208.00. The company has a market capitalization of £296.47 million, a P/E ratio of 14.65, a P/E/G ratio of 0.07 and a beta of 1.43.

EnQuest Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, May 1st will be given a GBX 0.62 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 3.73%.

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.