EnQuest (LON:ENQ) Hits New 12-Month Low on Analyst Downgrade

EnQuest PLC (LON:ENQGet Free Report)’s stock price 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 trading hands. The stock had previously closed at GBX 11.16 ($0.15).

EnQuest Stock Performance

The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00. The firm has a 50-day moving average of GBX 12.71 and a 200 day moving average of GBX 13.99. The stock has a market capitalization of £223.47 million, a P/E ratio of -1,170.00, a PEG ratio of 0.07 and a beta of 1.43.

EnQuest Company Profile

(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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