EnQuest (LON:ENQ) Shares Down 8.3% - Should You Sell?

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

Wall Street Analyst Weigh In

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

EnQuest Stock Performance

The stock's 50-day moving average price is GBX 12.67 and its 200-day moving average price is GBX 12.62. The company has a market cap of £294.62 million, a P/E ratio of 14.56, a PEG 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.

EnQuest Company Profile

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.