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EnQuest (LON:ENQ) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

EnQuest logo with Energy background

EnQuest PLC (LON:ENQ - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 12.65 ($0.17) and traded as high as GBX 12.94 ($0.18). EnQuest shares last traded at GBX 12.82 ($0.17), with a volume of 7,836,969 shares traded.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on EnQuest

EnQuest Stock Up 0.2%

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's fifty day simple moving average is GBX 12.58 and its 200-day simple moving average is GBX 12.67. The stock has a market cap of £296.47 million, a P/E ratio of 14.65, a PEG 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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