EnQuest (LON:ENQ) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

EnQuest PLC (LON:ENQ) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 16.64 and traded as high as GBX 22.95. EnQuest shares last traded at GBX 22.95, with a volume of 6,584,307 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ENQ. Jefferies Financial Group restated a “restricted” rating and set a GBX 25 price objective on shares of EnQuest in a research report on Thursday, June 11th. JPMorgan Chase & Co. upped their target price on shares of EnQuest from GBX 25 to GBX 29 and gave the stock an “overweight” rating in a report on Thursday, June 4th. Finally, Shore Capital Group reiterated a “buy” rating on shares of EnQuest in a research note on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 25.20.

EnQuest Trading Up 2.2%

The stock has a fifty day moving average of GBX 20.58 and a 200 day moving average of GBX 16.64. 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 market capitalization of £427.12 million, a PE ratio of 229.50, a PEG ratio of 0.07 and a beta of 0.00.

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).