EnQuest (LON:ENQ) Shares Up 6.7% – Should You Buy?

EnQuest PLC (LON:ENQ)’s stock price rose 6.7% during mid-day trading on Friday . The company traded as high as GBX 25.65 and last traded at GBX 25.50. 14,754,142 shares traded hands during trading, an increase of 6% from the average session volume of 13,890,588 shares. The stock had previously closed at GBX 23.90.

Wall Street Analyst Weigh In

Several analysts recently commented on ENQ shares. Shore Capital Group reissued a “buy” rating on shares of EnQuest in a research report on Thursday, April 23rd. Jefferies Financial Group restated a “restricted” rating and issued a GBX 25 price objective on shares of EnQuest in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. upped their price objective on EnQuest from GBX 29 to GBX 35 and gave the company an “overweight” rating in a research report on Friday, July 3rd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 26.40.

EnQuest Trading Up 6.7%

The firm has a market capitalization of £474.58 million, a PE ratio of 255.00, a PEG ratio of 0.07 and a beta of 0.02. The company has a quick ratio of 0.75, a current ratio of 0.72 and a debt-to-equity ratio of 204.44. The stock’s fifty day simple moving average is GBX 21.73 and its 200 day simple moving average is GBX 18.03.

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).