EnQuest (OTCMKTS:ENQUF) Shares Gap Down – What’s Next?

Shares of EnQuest (OTCMKTS:ENQUF – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $0.3761, but opened at $0.3550. EnQuest shares last traded at $0.3550, with a volume of 8,309 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed 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 assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

View Our Latest Analysis on EnQuest

EnQuest Trading Down 0.9%

The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 1.75. The company has a 50-day simple moving average of $0.35 and a two-hundred day simple moving average of $0.30.

EnQuest Company Profile

(Get Free Report)

EnQuest plc is an independent energy company focused on the development, production and management of oil and gas assets. The company’s activities include operating mature fields, extending the productive lives of existing infrastructure, developing new reserves and decommissioning assets when production ends.

EnQuest’s principal operations have historically been in the United Kingdom Continental Shelf, particularly the North Sea. Its portfolio has included the Kraken, Magnus, Thistle, Heather and Broom fields, as well as related production and infrastructure interests.

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