EnQuest (LON:ENQ) Trading Down 8.3% – Here’s Why

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

Wall Street Analyst Weigh In

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

EnQuest Trading Down 1.4%

The company has a market capitalization of £295.55 million, a P/E ratio of 14.60, a PEG ratio of 0.07 and a beta of 1.43. The business has a 50 day moving average price of GBX 12.72 and a 200 day moving average price of GBX 12.57. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 208.00.

EnQuest Announces Dividend

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

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.