EnQuest (LON:ENQ) Shares Down 8.3% - Here's What Happened

EnQuest PLC (LON:ENQ - Get Free Report)'s stock price traded down 8.3% during trading on Tuesday . The company traded as low as GBX 12.71 ($0.17) and last traded at GBX 12.98 ($0.18). 6,598,840 shares traded hands during trading, an increase of 115% from the average session volume of 3,072,914 shares. The stock had previously closed at GBX 14.16 ($0.19).

Analyst Upgrades and Downgrades

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

EnQuest Trading Down 8.3%

The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 208.00. The stock has a market capitalization of £299.70 million, a price-to-earnings ratio of 14.81, a PEG ratio of 0.07 and a beta of 1.43. The firm has a 50-day moving average of GBX 12.72 and a 200 day moving average of GBX 12.57.

EnQuest Dividend Announcement

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

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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