EnQuest (LON:ENQ) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

EnQuest PLC (LON:ENQ)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 12.81 and traded as high as GBX 20.20. EnQuest shares last traded at GBX 19.56, with a volume of 9,316,471 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ENQ. Shore Capital Group restated a “buy” rating on shares of EnQuest in a research note on Wednesday, March 25th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 15 target price on shares of EnQuest in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised shares of EnQuest to a “neutral” rating and lifted their price target for the company from GBX 11 to GBX 25 in a report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 22.40.

EnQuest Price Performance

The stock has a fifty day moving average of GBX 16.32 and a two-hundred day moving average of GBX 12.86. The stock has a market capitalization of £367.35 million, a price-to-earnings ratio of -3.29, a PEG ratio of 0.07 and a beta of 0.25. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 204.44.

About EnQuest

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).