EnQuest (LON:ENQ) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

EnQuest PLC (LON:ENQ)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 17.55 and traded as high as GBX 22.80. EnQuest shares last traded at GBX 22.20, with a volume of 5,969,123 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ENQ shares. JPMorgan Chase & Co. boosted their target price on EnQuest from GBX 29 to GBX 35 and gave the stock an “overweight” rating in a report on Friday, July 3rd. Shore Capital Group reaffirmed a “buy” rating on shares of EnQuest in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group reaffirmed a “restricted” rating and set a GBX 25 target price on shares of EnQuest in a report on Thursday, June 11th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, EnQuest currently has an average rating of “Buy” and a consensus target price of GBX 26.40.

EnQuest Stock Down 0.7%

The stock has a market capitalization of £413.16 million, a P/E ratio of 222.00, a PEG ratio of 0.07 and a beta of 0.02. The company has a debt-to-equity ratio of 204.44, a current ratio of 0.72 and a quick ratio of 0.75. The stock’s fifty day moving average is GBX 21.28 and its two-hundred day moving average is GBX 17.55.

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).