EnQuest (LON:ENQ) Sets New 1-Year High – What’s Next?

Shares of EnQuest PLC (LON:ENQ) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 27.95 and last traded at GBX 27.92, with a volume of 5862713 shares traded. The stock had previously closed at GBX 26.10.

Wall Street Analyst Weigh In

ENQ has been the subject of a number of analyst reports. Jefferies Financial Group restated a “restricted” rating and set a GBX 25 target price on shares of EnQuest in a report on Thursday, June 11th. JPMorgan Chase & Co. upped their price target on shares of EnQuest from GBX 29 to GBX 35 and gave the company an “overweight” rating in a research note on Friday, July 3rd. Finally, Shore Capital Group restated a “buy” rating on shares of EnQuest in a research report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 26.40.

EnQuest Trading Up 5.2%

The business has a fifty day moving average price of GBX 24.10 and a two-hundred day moving average price of GBX 20.29. The firm has a market capitalization of £510.87 million, a PE ratio of 274.50, a PEG ratio of 0.07 and a beta of 0.02. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 204.44.

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.

Shares in the Company trade on the London Stock Exchange (ENQ.L).