EnQuest (LON:ENQ) Shares Cross Above Two Hundred Day Moving Average - Here's Why

EnQuest PLC (LON:ENQ - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 12.38 ($0.16) and traded as high as GBX 13.44 ($0.18). EnQuest shares last traded at GBX 12.88 ($0.17), with a volume of 2,587,366 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a "buy" rating on shares of EnQuest in a research report on Monday, March 31st.

EnQuest Stock Down 0.2%

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 firm's 50-day moving average price is GBX 13.20 and its 200 day moving average price is GBX 12.41. The firm has a market cap of £275.69 million, a P/E ratio of 13.62, a PEG ratio of 0.07 and a beta of 1.43.

EnQuest Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, May 1st will be given a dividend of GBX 0.62 ($0.01) per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 3.73%.

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.