EnQuest (LON:ENQ) Stock Price Down 8% – Should You Sell?

EnQuest PLC (LON:ENQ) shares fell 8% during trading on Thursday . The company traded as low as GBX 22.70 and last traded at GBX 23. 13,002,428 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 12,661,770 shares. The stock had previously closed at GBX 25.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ENQ. Shore Capital Group restated a “buy” rating on shares of EnQuest in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their target price on EnQuest from GBX 25 to GBX 29 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Finally, Jefferies Financial Group reissued a “restricted” rating and issued a GBX 25 target price on shares of EnQuest in a report on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, EnQuest currently has a consensus rating of “Buy” and a consensus price target of GBX 25.20.

EnQuest Stock Performance

The company has a market capitalization of £428.05 million, a PE ratio of 230.00, a price-to-earnings-growth ratio of 0.07 and a beta of 0.00. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 204.44. The business’s fifty day moving average is GBX 20.14 and its two-hundred day moving average is GBX 16.11.

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).