EnQuest (LON:ENQ) Hits New 12-Month High – What’s Next?

EnQuest PLC (LON:ENQ)’s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 16.93 and last traded at GBX 16.56, with a volume of 8076614 shares trading hands. The stock had previously closed at GBX 15.86.

Analysts Set New Price Targets

Several research analysts have recently commented on ENQ shares. Peel Hunt reiterated a “buy” rating and issued a GBX 24 target price on shares of EnQuest in a research report on Monday, November 10th. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 28 price objective on shares of EnQuest in a report on Monday, November 10th. Jefferies Financial Group reissued a “buy” rating and set a GBX 15 target price on shares of EnQuest in a report on Wednesday, February 4th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 20 price target on shares of EnQuest in a report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, EnQuest presently has a consensus rating of “Buy” and a consensus target price of GBX 21.75.

EnQuest Trading Up 4.4%

The stock has a market capitalization of £307.86 million, a price-to-earnings ratio of -2.76, a PEG ratio of 0.07 and a beta of 1.43. The firm has a 50-day moving average of GBX 11.96 and a 200 day moving average of GBX 11.66. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 208.00.

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.

Shares in the Company trade on the London Stock Exchange (ENQ.L).