EnQuest (LON:ENQ) Trading Down 8.3% – What’s Next?

EnQuest PLC (LON:ENQ)’s stock price traded down 8.3% during trading on Tuesday . The company traded as low as GBX 12.71 ($0.17) and last traded at GBX 12.98 ($0.18). 6,598,840 shares were traded 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 Price Performance

The stock has a fifty day moving average of GBX 12.72 and a two-hundred day moving average of GBX 12.57. The stock has a market cap of £299.24 million, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.07 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 208.00.

EnQuest Announces Dividend

The business also recently announced a dividend, which was paid on Friday, June 6th. Shareholders 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 dividend yield of 3.73%.

EnQuest Company Profile

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.