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

EnQuest PLC (LON:ENQ)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 19.24 and traded as high as GBX 23.90. EnQuest shares last traded at GBX 23.80, with a volume of 5,391,331 shares changing hands.

Analyst Upgrades and Downgrades

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

EnQuest Price Performance

The firm has a 50 day moving average of GBX 23.18 and a 200-day moving average of GBX 19.40. The company has a current ratio of 0.72, a quick ratio of 0.75 and a debt-to-equity ratio of 204.44. The company has a market cap of £422.63 million, a P/E ratio of 227.09, a P/E/G ratio of 0.07 and a beta of 0.02.

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).