EnQuest (LON:ENQ) Shares Down 8.3% - Here's What Happened

EnQuest PLC (LON:ENQ - Get Free Report) shares dropped 8.3% during trading 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 mid-day 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).

Analysts Set New Price Targets

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

EnQuest Stock Up 0.3%

The company has a debt-to-equity ratio of 208.00, a quick ratio of 0.75 and a current ratio of 0.76. The company has a market cap of £294.62 million, a PE ratio of 14.56, a PEG ratio of 0.07 and a beta of 1.43. The firm has a fifty day simple moving average of GBX 12.67 and a 200 day simple moving average of GBX 12.62.

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.