EnQuest (LON:ENQ) Stock Price Down 1.9% – Here’s What Happened

EnQuest PLC (LON:ENQ)’s share price was down 1.9% during trading on Tuesday. The company traded as low as GBX 25.15 and last traded at GBX 25.85. 10,585,968 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 12,471,331 shares. The stock had previously closed at GBX 26.35.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group cut EnQuest to a “buy” rating and reduced their price target for the company from GBX 50 to GBX 48 in a research report on Friday, September 4th. Shore Capital Group reissued a “house stock” rating and set a GBX 41 price objective on shares of EnQuest in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 37.25.

EnQuest Stock Down 1.9%

The company has a current ratio of 0.64, a quick ratio of 0.75 and a debt-to-equity ratio of 231.41. The firm has a market cap of £481.09 million, a P/E ratio of 3.54, a price-to-earnings-growth ratio of 0.07 and a beta of 0.02. The stock’s fifty day moving average is GBX 28.27 and its two-hundred day moving average is GBX 22.29.

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).