EnQuest (LON:ENQ) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• EnQuest PLC's shares recently exceeded their 200-day moving average trading at GBX 13.60 ($0.18), indicating potential bullish sentiment in the market.
• Shore Capital has maintained a "buy" rating on EnQuest, suggesting positive outlook among analysts.
• The company has a market capitalization of £307.69 million and a significant debt-to-equity ratio of 208.00, which may raise concerns about financial stability.

EnQuest PLC (LON:ENQ - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 12.76 ($0.17) and traded as high as GBX 13.60 ($0.18). EnQuest shares last traded at GBX 13.28 ($0.18), with a volume of 1,758,455 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "buy" rating on shares of EnQuest in a research note on Friday, July 25th.

EnQuest Trading Down 3.0%

The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75. The business has a 50-day moving average of GBX 12.83 and a 200-day moving average of GBX 12.76. The firm has a market cap of £309.86 million, a price-to-earnings ratio of 15.31, a P/E/G ratio of 0.07 and a beta of 1.43.

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.