EnQuest (LON:ENQ) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• EnQuest PLC's share price recently crossed above its 200-day moving average, indicating a potentially bullish trend, with the stock trading as high as GBX 13.14 ($0.18).
• Shore Capital has reissued a "buy" rating on EnQuest shares, reflecting positive market sentiment toward the company.
• EnQuest currently has a market capitalization of £299.91 million and notable financial ratios including a price-to-earnings ratio of 14.82 and a debt-to-equity ratio of 208.00.

EnQuest PLC (LON:ENQ - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 12.76 ($0.17) and traded as high as GBX 13.14 ($0.18). EnQuest shares last traded at GBX 13.06 ($0.18), with a volume of 751,450 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a "buy" rating on shares of EnQuest in a research report on Friday, July 25th.

EnQuest Stock Performance

The business's fifty day moving average price is GBX 12.99 and its two-hundred day moving average price is GBX 12.74. The company has a debt-to-equity ratio of 208.00, a quick ratio of 0.75 and a current ratio of 0.76. The stock has a market capitalization of £293.70 million, a P/E ratio of 14.51, a P/E/G ratio of 0.07 and a beta of 1.43.

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.