EnQuest (OTCMKTS:ENQUF) Shares Gap Up – Time to Buy?

Shares of EnQuest (OTCMKTS:ENQUF) gapped up before the market opened on Tuesday . The stock had previously closed at $0.3430, but opened at $0.3615. EnQuest shares last traded at $0.3489, with a volume of 4,563 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating on shares of EnQuest in a report on Friday, June 5th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, EnQuest presently has an average rating of “Moderate Buy”.

EnQuest Stock Up 1.7%

The company has a 50-day moving average price of $0.34 and a two-hundred day moving average price of $0.29. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 1.75.

EnQuest Company Profile

EnQuest plc is an independent energy company focused on the development, production and management of oil and gas assets. The company’s activities include operating mature fields, extending the productive lives of existing infrastructure, developing new reserves and decommissioning assets when production ends.

EnQuest’s principal operations have historically been in the United Kingdom Continental Shelf, particularly the North Sea. Its portfolio has included the Kraken, Magnus, Thistle, Heather and Broom fields, as well as related production and infrastructure interests.