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

EnQuest PLC (LON:ENQ - Get Free Report) shares fell 8.3% during mid-day trading on Tuesday . The stock traded as low as GBX 12.71 ($0.17) and last traded at GBX 12.98 ($0.18). 6,598,840 shares traded hands during mid-day trading, an increase of 115% from the average session volume of 3,072,914 shares. The stock had previously closed at GBX 14.16 ($0.19).

Wall Street Analysts Forecast Growth

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

EnQuest Price Performance

The company's 50-day moving average is GBX 12.72 and its 200-day moving average is GBX 12.57. 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 firm has a market capitalization of £299.70 million, a price-to-earnings ratio of 14.81, a PEG ratio of 0.07 and a beta of 1.43.

EnQuest Announces Dividend

The business also recently announced a dividend, which was paid on Friday, June 6th. Investors of record on Thursday, May 1st were given a GBX 0.62 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a dividend yield of 3.73%.

About EnQuest

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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