EnQuest (OTCMKTS:ENQUF) Shares Gap Down – Here’s Why

EnQuest (OTCMKTS:ENQUF – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $0.38, but opened at $0.3399. EnQuest shares last traded at $0.3399, with a volume of 179 shares.

Analyst Ratings Changes

A number of analysts recently issued reports on ENQUF shares. Zacks Research upgraded EnQuest to a “hold” rating in a research report on Friday, April 10th. Jefferies Financial Group reiterated a “buy” rating on shares of EnQuest in a research report on Friday, June 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

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EnQuest Stock Down 10.6%

The company’s 50 day simple moving average is $0.27 and its 200-day simple moving average is $0.21. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.72 and a quick ratio of 0.68.

About EnQuest

(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.

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