EnQuest (LON:ENQ) Stock Price Down 8.3% - Time to Sell?

EnQuest PLC (LON:ENQ - Get Free Report) shares were down 8.3% on Tuesday . The stock traded as low as GBX 12.71 ($0.17) and last traded at GBX 12.98 ($0.18). Approximately 6,598,840 shares traded hands during trading, an increase of 115% from the average daily 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 report on Monday, March 31st.

EnQuest Stock Up 0.3%

The company has a market capitalization of £294.62 million, a price-to-earnings ratio of 14.56, a PEG ratio of 0.07 and a beta of 1.43. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 208.00. The firm's 50 day simple moving average is GBX 12.69 and its 200-day simple moving average is GBX 12.59.

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.