EnQuest (LON:ENQ) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

EnQuest PLC (LON:ENQ)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 17.55 and traded as high as GBX 22.80. EnQuest shares last traded at GBX 22.20, with a volume of 5,969,123 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Shore Capital Group restated a “buy” rating on shares of EnQuest in a research report on Thursday, April 23rd. Jefferies Financial Group reissued a “restricted” rating and set a GBX 25 price target on shares of EnQuest in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of EnQuest from GBX 29 to GBX 35 and gave the stock an “overweight” rating in a report on Friday, July 3rd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 26.40.

EnQuest Stock Down 0.7%

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 firm has a 50 day simple moving average of GBX 21.28 and a two-hundred day simple moving average of GBX 17.55. The stock has a market cap of £413.16 million, a P/E ratio of 222.00, a P/E/G ratio of 0.07 and a beta of 0.02.

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).