EnQuest (LON:ENQ) Hits New 12-Month High – Time to Buy?

EnQuest PLC (LON:ENQ) reached a new 52-week high on Wednesday . The company traded as high as GBX 21.35 and last traded at GBX 20.70, with a volume of 16252631 shares. The stock had previously closed at GBX 20.20.

Analyst Ratings Changes

ENQ has been the topic of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 15 price objective on shares of EnQuest in a report on Wednesday, February 4th. Shore Capital Group reaffirmed a “buy” rating on shares of EnQuest in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their target price on EnQuest from GBX 24 to GBX 25 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 22.40.

EnQuest Price Performance

The stock has a market cap of £391.76 million, a P/E ratio of 210.50, a P/E/G ratio of 0.07 and a beta of 0.01. The company’s 50 day moving average price is GBX 18.91 and its 200-day moving average price is GBX 13.99. The company has a quick ratio of 0.75, a current ratio of 0.72 and a debt-to-equity ratio of 204.44.

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).