EnQuest (LON:ENQ) Stock Price Down 5.4%

EnQuest PLC (LON:ENQ) shares were down 5.4% during trading on Thursday . The company traded as low as GBX 11.64 ($0.15) and last traded at GBX 11.64 ($0.15). Approximately 2,803,546 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 3,739,838 shares. The stock had previously closed at GBX 12.30 ($0.16).

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective on shares of EnQuest from GBX 33 ($0.43) to GBX 30 ($0.39) and set a “speculative buy” rating for the company in a report on Wednesday, July 10th.

EnQuest Stock Performance

The company has a debt-to-equity ratio of 262.16, a current ratio of 0.87 and a quick ratio of 0.75. The company’s 50-day moving average price is GBX 13.01 and its two-hundred day moving average price is GBX 14.10. The company has a market capitalization of £222.32 million, a price-to-earnings ratio of -1,184.00, a PEG ratio of 0.07 and a beta of 1.49.

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.