EnQuest (LON:ENQ) Reaches New 1-Year Low Following Analyst Downgrade

EnQuest PLC (LON:ENQGet Free Report) hit a new 52-week low during mid-day trading on Thursday after Canaccord Genuity Group lowered their price target on the stock from GBX 30 to GBX 27. Canaccord Genuity Group currently has a buy rating on the stock. EnQuest traded as low as GBX 10.90 ($0.14) and last traded at GBX 11.36 ($0.15), with a volume of 2188643 shares changing hands. The stock had previously closed at GBX 11.16 ($0.15).

EnQuest Trading Up 1.8 %

The business’s 50 day simple moving average is GBX 12.79 and its 200 day simple moving average is GBX 14.02. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75. The company has a market capitalization of £216.98 million, a price-to-earnings ratio of -1,110.00, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43.

About EnQuest

(Get Free Report)

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.

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