EnQuest (LON:ENQ) Trading Up 0.9% - Here's What Happened

EnQuest PLC (LON:ENQ - Get Free Report)'s share price shot up 0.9% on Monday . The company traded as high as GBX 11.02 ($0.14) and last traded at GBX 10.80 ($0.14). 3,907,622 shares were traded during trading, an increase of 8% from the average session volume of 3,602,144 shares. The stock had previously closed at GBX 10.70 ($0.14).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their price target on shares of EnQuest from GBX 30 ($0.38) to GBX 27 ($0.34) and set a "buy" rating for the company in a research note on Thursday, September 12th.

EnQuest Stock Down 0.7 %

The company has a market cap of £204.75 million, a P/E ratio of -1,072.00, a P/E/G ratio of 0.07 and a beta of 1.43. The company has a debt-to-equity ratio of 208.00, a current ratio of 0.76 and a quick ratio of 0.75. The company's 50-day moving average is GBX 11.30 and its two-hundred day moving average is GBX 12.53.

Insider Buying and Selling

In related news, insider Amjad Bseisu sold 368,773 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of GBX 95 ($1.21), for a total value of £350,334.35 ($447,597.23). 17.34% of the stock is currently owned by corporate insiders.

About EnQuest

EnQuest PLC operates as an oil and gas production and development company, explores, extracts, and produces hydrocarbons in the United Kingdom, North Sea, and Malaysia. It primarily holds interests in the Magnus, Kraken, Golden Eagle, Scolty/Crathes, Greater Kittiwake Area, and Alba; and PM8/Seligi projects.