EnQuest (LON:ENQ) Downgraded by Canaccord Genuity Group to Buy

Canaccord Genuity Group cut shares of EnQuest (LON:ENQ) to a buy rating in a report published on Wednesday, MarketBeat.com reports.

EnQuest Price Performance

Shares of LON ENQ opened at GBX 15.56 ($0.19) on Wednesday. The stock has a market capitalization of £298.75 million, a PE ratio of -141.82, a P/E/G ratio of 0.07 and a beta of 1.49. The company has a debt-to-equity ratio of 285.77, a current ratio of 0.70 and a quick ratio of 0.75. The business has a fifty day moving average price of GBX 14.24 and a two-hundred day moving average price of GBX 14.12. EnQuest has a fifty-two week low of GBX 11.17 ($0.14) and a fifty-two week high of GBX 18.57 ($0.23).

About EnQuest

EnQuest PLC operates as an oil and gas production and development company. The company explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Scolty/Crathes, Greater Kittiwake Area, Alba, Dons area, and Alma/Galia.