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EnQuest (LON:ENQ) Share Price Crosses Above 200 Day Moving Average - Here's Why

EnQuest logo with Energy background

EnQuest PLC (LON:ENQ - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 12.40 ($0.17) and traded as high as GBX 12.40 ($0.17). EnQuest shares last traded at GBX 12.14 ($0.16), with a volume of 8,856,649 shares changing hands.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on ENQ

EnQuest Price Performance

The business's 50-day moving average price is GBX 12.54 and its 200 day moving average price is GBX 12.41. 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 company has a market capitalization of £295.55 million, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43.

EnQuest Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 6th. Stockholders of record on Thursday, May 1st were given a GBX 0.62 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a dividend yield of 3.73%.

EnQuest Company Profile

(Get Free Report)

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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