EnQuest (OTCMKTS:ENQUF) Hits New 1-Year High – Here’s Why

EnQuest (OTCMKTS:ENQUF)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $0.2750 and last traded at $0.2750, with a volume of 39600 shares traded. The stock had previously closed at $0.2652.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of EnQuest to a “hold” rating in a research report on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

EnQuest Stock Performance

The company has a debt-to-equity ratio of 1.75, a current ratio of 0.72 and a quick ratio of 0.68. The company has a 50-day moving average price of $0.26 and a 200-day moving average price of $0.19.

EnQuest Company Profile

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.