EnQuest (LON:ENQ) Downgraded by Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of EnQuest (LON:ENQ) to a buy rating in a report published on Wednesday morning, MarketBeat reports.

EnQuest Trading Up 2.3 %

Shares of LON ENQ opened at GBX 15.68 ($0.19) on Wednesday. EnQuest has a 52-week low of GBX 11.17 ($0.14) and a 52-week high of GBX 18.57 ($0.23). The company has a market cap of £301.06 million, a PE ratio of -142.55, a P/E/G ratio of 0.07 and a beta of 1.49. The firm’s 50 day moving average price is GBX 14.34 and its 200-day moving average price is GBX 14.13. The company has a debt-to-equity ratio of 285.77, a quick ratio of 0.75 and a current ratio of 0.70.

EnQuest Company Profile

EnQuest PLC operates as an oil and gas production and development company. The company explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Scolty/Crathes, Greater Kittiwake Area, Alba, Dons area, and Alma/Galia.