EnQuest (LON:ENQ) Stock Rating Lowered by Canaccord Genuity Group

EnQuest (LON:ENQ) was downgraded by stock analysts at Canaccord Genuity Group to a “buy” rating in a research report issued to clients and investors on Wednesday, LSE.Co.UK reports.

EnQuest Stock Performance

LON ENQ traded up GBX 0.16 ($0.00) during trading hours on Wednesday, hitting GBX 15.80 ($0.20). The company had a trading volume of 2,242,790 shares, compared to its average volume of 4,685,643. The company has a debt-to-equity ratio of 285.77, a quick ratio of 0.75 and a current ratio of 0.70. EnQuest has a 1-year low of GBX 11.17 ($0.14) and a 1-year high of GBX 18.57 ($0.23). The company has a market cap of £303.36 million, a PE ratio of -143.64, a price-to-earnings-growth ratio of 0.07 and a beta of 1.49. The business has a 50 day moving average of GBX 14.17 and a 200-day moving average of GBX 14.11.

About EnQuest

EnQuest PLC operates as an oil and gas production and development company. The company explores for, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Scolty/Crathes, Greater Kittiwake Area, Alba, Dons area, and Alma/Galia.