EnQuest (LON:ENQ) Reaches New 12-Month High – Should You Buy?

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ENQ shares. Jefferies Financial Group reiterated a “restricted” rating and set a GBX 25 price objective on shares of EnQuest in a research note on Thursday, June 11th. JPMorgan Chase & Co. lifted their target price on EnQuest from GBX 29 to GBX 35 and gave the company an “overweight” rating in a research note on Friday, July 3rd. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 26.40.

EnQuest Stock Performance

The stock has a fifty day moving average price of GBX 24.27 and a two-hundred day moving average price of GBX 21.11. The company 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 debt-to-equity ratio of 204.44, a current ratio of 0.72 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).