EnQuest (LON:ENQ) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

EnQuest PLC (LON:ENQ)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 11.59 and traded as high as GBX 14.42. EnQuest shares last traded at GBX 14.16, with a volume of 18,470,709 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ENQ shares. Peel Hunt reissued a “buy” rating and set a GBX 24 price objective on shares of EnQuest in a research report on Monday, November 10th. Shore Capital Group reaffirmed a “buy” rating and set a GBX 28 price target on shares of EnQuest in a research note on Monday, November 10th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 20 price target on shares of EnQuest in a report on Thursday, November 13th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 15 price target on shares of EnQuest in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 21.75.

EnQuest Trading Up 5.7%

The company has a fifty day simple moving average of GBX 11.27 and a two-hundred day simple moving average of GBX 11.60. The company has a market capitalization of £274.99 million, a P/E ratio of -2.47, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75.

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).