EnQuest (OTCMKTS:ENQUF) Shares Up 11.3% – Here’s Why

EnQuest (OTCMKTS:ENQUF)’s stock price rose 11.3% during mid-day trading on Monday . The stock traded as high as $0.3527 and last traded at $0.3527. 300 shares were traded during trading, a decline of 99% from the average session volume of 28,389 shares. The stock had previously closed at $0.3168.

Analyst Ratings Changes

A number of equities research analysts have commented on ENQUF shares. Jefferies Financial Group reiterated a “buy” rating on shares of EnQuest in a research report on Friday, June 5th. Zacks Research raised EnQuest to a “hold” rating in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

EnQuest Trading Down 1.8%

The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 1.75. The firm’s fifty day moving average is $0.29 and its 200-day moving average is $0.24.

About EnQuest

EnQuest plc is an independent oil and gas production company with core operations in the UK North Sea and Malaysia. The company focuses on the exploration, development and production of both onshore and offshore hydrocarbon reserves. In the UK, EnQuest’s portfolio includes a range of mature and brownfield assets such as the Magnus, Thistle, Thistle Alpha North and Kraken fields, where it applies enhanced recovery techniques to extend field life and optimise production. In Malaysia, EnQuest operates through its subsidiary, managing assets such as the North Sabah fields under production sharing contracts.

Founded in 2010 through the consolidation of Petrofac’s North Sea assets, EnQuest has grown through a combination of strategic acquisitions and in-house development projects.