EnQuest (OTCMKTS:ENQUF) Hits New 1-Year High – Here’s Why

EnQuest (OTCMKTS:ENQUF)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $0.2750 and last traded at $0.2750, with a volume of 39600 shares trading hands. The stock had previously closed at $0.2652.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of EnQuest to a “hold” rating in a report on Friday, April 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

EnQuest Price Performance

The firm’s 50-day moving average price is $0.26 and its 200 day moving average price is $0.19. The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 1.75.

About EnQuest

EnQuest plc is an independent oil and gas production company with core operations in the UK North Sea and Malaysia. The company focuses on the exploration, development and production of both onshore and offshore hydrocarbon reserves. In the UK, EnQuest’s portfolio includes a range of mature and brownfield assets such as the Magnus, Thistle, Thistle Alpha North and Kraken fields, where it applies enhanced recovery techniques to extend field life and optimise production. In Malaysia, EnQuest operates through its subsidiary, managing assets such as the North Sabah fields under production sharing contracts.

Founded in 2010 through the consolidation of Petrofac’s North Sea assets, EnQuest has grown through a combination of strategic acquisitions and in-house development projects.