EnQuest (LON:ENQ) Given "Buy" Rating at Shore Capital

Key Points

• Shore Capital has reaffirmed a "buy" rating for EnQuest's stock in a recent research report, highlighting positive investor sentiment.
• EnQuest also received a buy rating from Canaccord Genuity Group, indicating consistent support from analysts.
• The stock price of EnQuest remained flat at GBX 13.34 ($0.18) during midday trading with a market capitalization of £308.01 million.
• EnQuest focuses on optimizing late-life energy assets and is involved in renewable energy and decarbonization projects.

EnQuest (LON:ENQ - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Shore Capital in a report issued on Friday, MarketBeat.com reports.

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

EnQuest Stock Performance

Shares of LON:ENQ traded down GBX 0.14 ($0.00) on Friday, reaching GBX 13.62 ($0.18). 2,952,455 shares of the company's stock were exchanged, compared to its average volume of 3,030,521. The business's 50-day moving average is GBX 12.70 and its two-hundred day moving average is GBX 12.75. The firm has a market capitalization of £314.48 million, a price-to-earnings ratio of 15.54, a PEG ratio of 0.07 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00. EnQuest has a fifty-two week low of GBX 9.95 ($0.13) and a fifty-two week high of GBX 16.60 ($0.22).

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.