EnQuest (LON:ENQ) Stock Price Down 8.3% – Time to Sell?

EnQuest PLC (LON:ENQ) shares dropped 8.3% during trading on Wednesday . The stock traded as low as GBX 12.71 ($0.17) and last traded at GBX 12.98 ($0.18). Approximately 6,598,840 shares were traded during mid-day trading, an increase of 115% from the average daily volume of 3,072,914 shares. The stock had previously closed at GBX 14.16 ($0.19).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating on shares of EnQuest in a report on Monday, March 31st.

EnQuest Price Performance

The firm has a market capitalization of £295.55 million, a P/E ratio of 14.60, a P/E/G ratio of 0.07 and a beta of 1.43. The firm’s 50 day simple moving average is GBX 12.72 and its two-hundred day simple moving average is GBX 12.57. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75.

EnQuest Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, June 6th. Investors of record on Thursday, May 1st were given a dividend of GBX 0.62 ($0.01) per share. The ex-dividend date was Thursday, May 1st. This represents a yield of 3.73%.

About EnQuest

EnQuest is providing creative solutions through the energy transition.

EnQuest is an independent energy company. We focus on mature late-life assets, responsibly optimising production to provide energy security. Where we can, we repurpose our infrastructure to deliver renewable energy and decarbonisation projects before executing world-class decommissioning.