Enquest Plc (LON:ENQ)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $20.16. Enquest shares last traded at $18.94, with a volume of 3,237,315 shares trading hands.
ENQ has been the topic of several recent analyst reports. Numis Securities reiterated an “under review” rating on shares of Enquest in a research note on Thursday, May 16th. Barclays increased their price target on shares of Enquest from GBX 11 ($0.14) to GBX 19 ($0.25) and gave the stock an “underweight” rating in a report on Monday, June 24th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock has an average rating of “Sell” and an average price target of GBX 21.20 ($0.28).
The company has a fifty day simple moving average of GBX 21.25. The company has a market capitalization of $321.12 million and a PE ratio of 1.88. The company has a current ratio of 0.69, a quick ratio of 0.43 and a debt-to-equity ratio of 279.19.
In other Enquest news, insider Amjad Bseisu bought 545,965 shares of Enquest stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of GBX 20 ($0.26) per share, with a total value of £109,193 ($142,679.99). Also, insider Stefan Ricketts sold 57,540 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of GBX 19 ($0.25), for a total transaction of £10,932.60 ($14,285.38). Insiders bought a total of 4,215,742 shares of company stock worth $82,340,136 in the last three months.
About Enquest (LON:ENQ)
EnQuest PLC, an oil and gas development and production company, together with its subsidiaries, explores for, extracts, and produces hydrocarbons in the United Kingdom Continental Shelf and Malaysia. The company operates through North Sea and Malaysia segments. It primarily holds interests in the Thistle/Deveron, Heather/Broom, the Dons area, Magnus, the Greater Kittiwake Area, Scolty/Crathes, and Alma/Galia; and in the Kraken development, and a non-operated interest in the Alba producing oil field, as well as the PM8/Seligi production sharing contract and the Tanjong Baram risk services contract in Malaysia.
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