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

EnQuest logo with Energy background

EnQuest PLC (LON:ENQ - Get Free Report) shares were 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). Approximately 6,598,840 shares changed hands during 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).

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on EnQuest

EnQuest Stock Performance

The firm has a market capitalization of £294.62 million, a P/E ratio of 14.56, a P/E/G ratio of 0.07 and a beta of 1.43. The stock has a fifty day simple moving average of GBX 12.69 and a two-hundred day simple moving average of GBX 12.59. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75.

About EnQuest

(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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