EnQuest (LON:ENQ) Stock Passes Above 200-Day Moving Average – What’s Next?

EnQuest PLC (LON:ENQ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 11.59 and traded as high as GBX 14.42. EnQuest shares last traded at GBX 14.16, with a volume of 18,470,709 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ENQ. Peel Hunt reissued a “buy” rating and set a GBX 24 price target on shares of EnQuest in a research report on Monday, November 10th. Shore Capital Group reiterated a “buy” rating and set a GBX 28 target price on shares of EnQuest in a report on Monday, November 10th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 20 price target on shares of EnQuest in a research note on Thursday, November 13th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 15 price objective on shares of EnQuest in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, EnQuest has a consensus rating of “Buy” and an average target price of GBX 21.75.

EnQuest Stock Up 4.9%

The company has a market cap of £272.91 million, a P/E ratio of -2.45, a P/E/G ratio of 0.07 and a beta of 1.43. 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 company’s 50-day moving average is GBX 11.18 and its two-hundred day moving average is GBX 11.59.

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).