EnQuest (LON:ENQ) Hits New 1-Year High – Here’s Why

EnQuest PLC (LON:ENQGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 26.30 and last traded at GBX 25.66, with a volume of 17387570 shares. The stock had previously closed at GBX 24.25.

Analysts Set New Price Targets

ENQ has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of EnQuest from GBX 25 to GBX 29 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Shore Capital Group restated a “buy” rating on shares of EnQuest in a research report on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 23.20.

Read Our Latest Stock Report on ENQ

EnQuest Price Performance

The firm has a 50-day moving average of GBX 19.82 and a 200-day moving average of GBX 15.77. The stock has a market cap of £503.42 million, a PE ratio of 270.50, a PEG ratio of 0.07 and a beta of 0.00. The company has a debt-to-equity ratio of 204.44, a current ratio of 0.72 and a quick ratio of 0.75.

About EnQuest

(Get Free Report)

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).

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