EnQuest (LON:ENQ) Stock Passes Above 200 Day Moving Average – What’s Next?

EnQuest PLC (LON:ENQ)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 12.08 ($0.15) and traded as high as GBX 13.04 ($0.16). EnQuest shares last traded at GBX 13.04 ($0.16), with a volume of 3,221,921 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reduced their price target on shares of EnQuest from GBX 30 ($0.37) to GBX 27 ($0.34) and set a “buy” rating on the stock in a research report on Thursday, September 12th.

EnQuest Trading Up 0.3 %

The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00. The stock has a market capitalization of £249.83 million, a P/E ratio of -1,308.00, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. The company has a fifty day simple moving average of GBX 11.60 and a two-hundred day simple moving average of GBX 12.07.

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.