EnQuest (OTCMKTS:ENQUF) Sets New 12-Month High – Should You Buy?

EnQuest (OTCMKTS:ENQUF)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $0.2730 and last traded at $0.2730, with a volume of 15000 shares changing hands. The stock had previously closed at $0.2412.

EnQuest Trading Up 7.4%

The company’s 50 day moving average is $0.20 and its 200 day moving average is $0.16. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.82 and a current ratio of 0.89.

EnQuest Company Profile

EnQuest plc is an independent oil and gas production company with core operations in the UK North Sea and Malaysia. The company focuses on the exploration, development and production of both onshore and offshore hydrocarbon reserves. In the UK, EnQuest’s portfolio includes a range of mature and brownfield assets such as the Magnus, Thistle, Thistle Alpha North and Kraken fields, where it applies enhanced recovery techniques to extend field life and optimise production. In Malaysia, EnQuest operates through its subsidiary, managing assets such as the North Sabah fields under production sharing contracts.

Founded in 2010 through the consolidation of Petrofac’s North Sea assets, EnQuest has grown through a combination of strategic acquisitions and in-house development projects.