EnQuest (LON:ENQ) Shares Up 16.2% - Here's What Happened

Shares of EnQuest PLC (LON:ENQ - Get Free Report) were up 16.2% during trading on Thursday . The company traded as high as GBX 15.50 ($0.20) and last traded at GBX 15.50 ($0.20). Approximately 30,708,506 shares traded hands during mid-day trading, an increase of 921% from the average daily volume of 3,007,296 shares. The stock had previously closed at GBX 13.34 ($0.17).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating on shares of EnQuest in a report on Monday.

EnQuest Stock Down 5.1 %

The business has a 50-day moving average of GBX 12.39 and a 200-day moving average of GBX 11.87. The company has a debt-to-equity ratio of 208.00, a quick ratio of 0.75 and a current ratio of 0.76. The stock has a market capitalization of £361.58 million, a price-to-earnings ratio of 17.87, a P/E/G ratio of 0.07 and a beta of 1.43.

EnQuest Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 6th. Shareholders of record on Thursday, May 1st will be paid a dividend of GBX 0.62 ($0.01) per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 3.73%.

EnQuest Company Profile

EnQuest is providing creative solutions through the energy transition. EnQuest is an independent energy company. We focus on mature late-life assets, responsibly optimising production to provide energy security. Where we can, we repurpose our infrastructure to deliver renewable energy and decarbonisation projects before executing world-class decommissioning.