EnQuest (LON:ENQ) Share Price Passes Above 200 Day Moving Average - Time to Sell?

EnQuest PLC (LON:ENQ - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 12.20 ($0.16) and traded as high as GBX 14.30 ($0.19). EnQuest shares last traded at GBX 13.84 ($0.19), with a volume of 2,727,423 shares traded.

Analyst Upgrades and Downgrades

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

EnQuest Price Performance

The company has a 50 day moving average price of GBX 13.03 and a two-hundred day moving average price of GBX 12.29. 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 stock has a market cap of £317.25 million, a PE ratio of 15.68, a PEG ratio of 0.07 and a beta of 1.43.

EnQuest Dividend Announcement

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

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.