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EnQuest (LON:ENQ) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

EnQuest logo with Energy background

EnQuest PLC (LON:ENQ - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 12.71 ($0.17) and traded as high as GBX 13.26 ($0.18). EnQuest shares last traded at GBX 12.80 ($0.17), with a volume of 2,239,778 shares changing hands.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on EnQuest

EnQuest Stock Performance

The business has a fifty day simple moving average of GBX 12.50 and a two-hundred day simple moving average of GBX 12.71. The company has a market cap of £296.05 million, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75.

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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