EnQuest (LON:ENQ) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

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 12.65 ($0.17) and traded as high as GBX 12.94 ($0.18). EnQuest shares last traded at GBX 12.82 ($0.18), with a volume of 7,836,969 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating on shares of EnQuest in a research report on Monday, March 31st.

EnQuest Stock Performance

The stock has a fifty day moving average price of GBX 12.62 and a 200 day moving average price of GBX 12.65. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 208.00. The firm has a market cap of £303.40 million, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43.

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.