EnQuest (LON:ENQ) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of EnQuest PLC (LON:ENQ) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 12.38 and traded as high as GBX 12.38. EnQuest shares last traded at GBX 12.10, with a volume of 25,081,420 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ENQ. Canaccord Genuity Group upped their price target on EnQuest from GBX 19 to GBX 20 and gave the stock a “buy” rating in a report on Friday, September 26th. Shore Capital reiterated a “buy” rating and issued a GBX 28 target price on shares of EnQuest in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, EnQuest has an average rating of “Buy” and an average target price of GBX 24.

EnQuest Stock Up 1.0%

The stock has a fifty day moving average of GBX 11.53 and a 200 day moving average of GBX 12.38. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75. The firm has a market capitalization of £224.93 million, a P/E ratio of -2.02, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43.

Insider Buying and Selling at EnQuest

In related news, insider Marianne Daryabegui purchased 166,660 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were bought at an average cost of GBX 11 per share, with a total value of £18,332.60. Company insiders own 13.31% of the company’s stock.

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.