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EnQuest (LON:ENQ) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

EnQuest logo with Energy background

Key Points

  • EnQuest PLC shares recently crossed above their 200-day moving average, trading at GBX 13.04 ($0.18) during the recent session.
  • Shore Capital has reissued a "buy" rating for EnQuest, with a consensus price target of GBX 28, indicating a positive outlook from analysts.
  • EnQuest operates as an independent energy company focusing on mature late-life assets and transitioning towards renewable energy solutions.
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EnQuest PLC (LON:ENQ - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 12.79 ($0.17) and traded as high as GBX 13.12 ($0.18). EnQuest shares last traded at GBX 13.04 ($0.18), with a volume of 4,212,049 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of EnQuest in a research report on Tuesday, August 19th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, EnQuest currently has an average rating of "Buy" and a consensus target price of GBX 28.

View Our Latest Analysis on ENQ

EnQuest Stock Down 1.6%

The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00. The business has a 50-day moving average price of GBX 12.97 and a 200-day moving average price of GBX 12.80. The firm has a market capitalization of £234.98 million, a PE ratio of 257.96, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43.

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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