EnQuest (OTCMKTS:ENQUF) Trading Up 11.3% – Still a Buy?

Shares of EnQuest (OTCMKTS:ENQUF – Get Free Report) shot up 11.3% during trading on Monday . The stock traded as high as $0.3527 and last traded at $0.3527. Approximately 300 shares were traded during trading, a decline of 99% from the average session volume of 28,389 shares. The stock had previously closed at $0.3168.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ENQUF. Zacks Research upgraded shares of EnQuest to a “hold” rating in a research report on Friday, April 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of EnQuest in a research note on Friday, June 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Get EnQuest alerts:

View Our Latest Research Report on ENQUF

EnQuest Stock Down 1.8%

The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 1.75. The company has a fifty day moving average price of $0.29 and a 200 day moving average price of $0.24.

EnQuest Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than EnQuest
• The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
• Is Domino’s Stock Serving Up a Buying Opportunity?
• A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
• Why Gold Miners Could Be the Market’s Biggest Comeback Story

Receive News & Ratings for EnQuest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EnQuest and related companies with MarketBeat.com's FREE daily email newsletter.