EnQuest (LON:ENQ) Reaches New 52-Week High – What’s Next?

EnQuest PLC (LON:ENQ)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 27.45 and last traded at GBX 27.35, with a volume of 1376701 shares traded. The stock had previously closed at GBX 26.90.

Analysts Set New Price Targets

A number of research firms have weighed in on ENQ. Shore Capital Group reissued a “buy” rating on shares of EnQuest in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised their price objective on shares of EnQuest from GBX 29 to GBX 35 and gave the stock an “overweight” rating in a report on Friday, July 3rd. Finally, Jefferies Financial Group reissued a “restricted” rating and issued a GBX 25 target price on shares of EnQuest in a research report on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 26.40.

EnQuest Stock Up 2.8%

The company has a quick ratio of 0.75, a current ratio of 0.72 and a debt-to-equity ratio of 204.44. The company has a market cap of £514.59 million, a price-to-earnings ratio of 276.50, a price-to-earnings-growth ratio of 0.07 and a beta of 0.02. The firm’s 50 day simple moving average is GBX 22.16 and its 200 day simple moving average is GBX 18.42.

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.

Shares in the Company trade on the London Stock Exchange (ENQ.L).