EnQuest (LON:ENQ) Cut to Buy at Canaccord Genuity Group

EnQuest (LON:ENQ) was downgraded by equities researchers at Canaccord Genuity Group to a “buy” rating in a note issued to investors on Wednesday, LSE.Co.UK reports.

EnQuest Trading Up 1.0 %

Shares of ENQ stock traded up GBX 0.16 ($0.00) during trading hours on Wednesday, hitting GBX 15.80 ($0.20). 2,242,790 shares of the company were exchanged, compared to its average volume of 4,685,643. The firm has a market cap of £303.36 million, a P/E ratio of -143.64, a P/E/G ratio of 0.07 and a beta of 1.49. EnQuest has a fifty-two week low of GBX 11.17 ($0.14) and a fifty-two week high of GBX 18.57 ($0.23). The company has a debt-to-equity ratio of 285.77, a quick ratio of 0.75 and a current ratio of 0.70. The company has a 50 day simple moving average of GBX 14.17 and a two-hundred day simple moving average of GBX 14.11.

EnQuest Company Profile

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.