EnQuest (LON:ENQ) Shares Down 8.3% - What's Next?

EnQuest PLC (LON:ENQ - Get Free Report) shares traded down 8.3% during mid-day 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 mid-day 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).

Wall Street Analyst Weigh In

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

EnQuest Trading Down 8.3%

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 company has a market cap of £299.70 million, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. The company's 50 day simple moving average is GBX 12.72 and its two-hundred day simple moving average is GBX 12.57.

EnQuest Dividend Announcement

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

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.

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