EnQuest (LON:ENQ) Reaches New 1-Year High – Here’s What Happened

EnQuest PLC (LON:ENQGet Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 27.99 and last traded at GBX 27.10, with a volume of 23590639 shares trading hands. The stock had previously closed at GBX 25.95.

Analyst Upgrades and Downgrades

ENQ has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “restricted” rating and issued a GBX 25 price objective on shares of EnQuest in a report on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on shares of EnQuest from GBX 29 to GBX 35 and gave the company an “overweight” rating in a research note on Friday, July 3rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 26.40.

View Our Latest Research Report on EnQuest

EnQuest Stock Performance

The stock has a market cap of £504.35 million, a P/E ratio of 271.00, a PEG ratio of 0.07 and a beta of 0.02. The company has a fifty day moving average of GBX 24.27 and a 200 day moving average of GBX 21.11. 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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