EnQuest (OTCMKTS:ENQUF) Shares Gap Down – Here’s What Happened

EnQuest (OTCMKTS:ENQUF) gapped down before the market opened on Wednesday. The stock had previously closed at $0.3761, but opened at $0.3550. EnQuest shares last traded at $0.3550, with a volume of 8,309 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of EnQuest in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, EnQuest has an average rating of “Moderate Buy”.

EnQuest Stock Down 0.9%

The firm’s 50-day moving average price is $0.35 and its two-hundred day moving average price is $0.30. The company has a current ratio of 0.72, a quick ratio of 0.68 and a debt-to-equity ratio of 1.75.

About EnQuest

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.