EnQuest (LON:ENQ) Sets New 52-Week Low - Here's What Happened

Key Points

• EnQuest PLC's share price reached a new 52-week low at GBX 9.90 ($0.13), with the stock trading last at GBX 10.26 ($0.14) on high volume.
• Analysts have shown a positive outlook for EnQuest, with Canaccord Genuity raising their price target to GBX 20 and Shore Capital maintaining a target of GBX 28, both assigning a "buy" rating.
• Insider Marianne Daryabegui purchased 166,660 shares at GBX 11 per share, indicating confidence in the company's future despite its current performance.

EnQuest PLC (LON:ENQ - Get Free Report)'s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 9.90 ($0.13) and last traded at GBX 10.26 ($0.14), with a volume of 57158492 shares. The stock had previously closed at GBX 10.50 ($0.14).

Analyst Upgrades and Downgrades

A number of analysts have commented on ENQ shares. Canaccord Genuity Group upped their price target on shares of EnQuest from GBX 19 to GBX 20 and gave the company a "buy" rating in a research report on Friday, September 26th. Shore Capital reaffirmed a "buy" rating and set a GBX 28 price target on shares of EnQuest in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of GBX 24.

EnQuest Stock Down 2.3%

The firm's fifty day moving average price is GBX 12.07 and its two-hundred day moving average price is GBX 12.64. The stock has a market cap of £190.74 million, a price-to-earnings ratio of -171.00, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75.

Insiders Place Their Bets

In other EnQuest news, insider Marianne Daryabegui purchased 166,660 shares of the company's stock in a transaction that occurred on Friday, October 10th. The shares were acquired at an average price of GBX 11 per share, with a total value of £18,332.60. Insiders own 13.31% of the company's stock.

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.

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