EnQuest (LON:ENQ) Sets New 1-Year High – What’s Next?

Shares of EnQuest PLC (LON:ENQ) hit a new 52-week high on Thursday . The stock traded as high as GBX 27.95 and last traded at GBX 27.92, with a volume of 5862713 shares. The stock had previously closed at GBX 26.10.

Wall Street Analyst Weigh In

ENQ has been the subject of several analyst reports. Jefferies Financial Group restated a “restricted” rating and set a GBX 25 price target on shares of EnQuest in a report on Thursday, June 11th. Shore Capital Group reiterated a “buy” rating on shares of EnQuest in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on EnQuest from GBX 29 to GBX 35 and gave the company an “overweight” rating in a research report on Friday, July 3rd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 26.40.

EnQuest Price Performance

The firm has a fifty day simple moving average of GBX 24.10 and a two-hundred day simple moving average of GBX 20.29. The firm has a market cap of £510.87 million, a PE ratio of 274.50, a PEG ratio of 0.07 and a beta of 0.02. The company has a debt-to-equity ratio of 204.44, a quick ratio of 0.75 and a current ratio of 0.72.

About EnQuest

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).