EnQuest (OTCMKTS:ENQUF) Shares Gap Up – Still a Buy?

EnQuest (OTCMKTS:ENQUF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $0.3430, but opened at $0.3615. EnQuest shares last traded at $0.3489, with a volume of 4,563 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating on shares of EnQuest in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

EnQuest Price Performance

The company’s 50 day simple moving average is $0.34 and its 200 day simple moving average is $0.29. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 1.75.

EnQuest Company Profile

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.