EnQuest (LON:ENQ) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

EnQuest PLC (LON:ENQ – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 16.64 and traded as high as GBX 22.95. EnQuest shares last traded at GBX 22.95, with a volume of 6,584,307 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ENQ. Jefferies Financial Group restated a “restricted” rating and set a GBX 25 price target on shares of EnQuest in a research report on Thursday, June 11th. Shore Capital Group reissued a “buy” rating on shares of EnQuest in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised their target price on EnQuest from GBX 25 to GBX 29 and gave the company an “overweight” rating in a report on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 25.20.

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EnQuest Trading Down 2.3%

The company has a fifty day simple moving average of GBX 20.66 and a two-hundred day simple moving average of GBX 16.69. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 204.44. The company has a market cap of £417.46 million, a PE ratio of 224.31, a P/E/G ratio of 0.07 and a beta of 0.00.

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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