EnQuest (LON:ENQ) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of EnQuest PLC (LON:ENQ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 12.81 and traded as high as GBX 20.20. EnQuest shares last traded at GBX 19.56, with a volume of 9,316,471 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Shore Capital Group reiterated a “buy” rating on shares of EnQuest in a report on Wednesday, March 25th. JPMorgan Chase & Co. upgraded shares of EnQuest to a “neutral” rating and upped their target price for the stock from GBX 11 to GBX 25 in a research note on Thursday, March 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 15 target price on shares of EnQuest in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EnQuest currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 22.40.

EnQuest Stock Down 5.3%

The company has a debt-to-equity ratio of 204.44, a quick ratio of 0.75 and a current ratio of 0.72. The company has a fifty day simple moving average of GBX 16.16 and a two-hundred day simple moving average of GBX 12.81. The firm has a market capitalization of £363.63 million, a PE ratio of -3.26, a PEG ratio of 0.07 and a beta of 1.12.

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).