Energean (LON:ENOG) Sets New 52-Week Low – Should You Sell?

Energean plc (LON:ENOG)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 740 and last traded at GBX 741, with a volume of 756912 shares. The stock had previously closed at GBX 780.50.

Analysts Set New Price Targets

Several research analysts recently issued reports on ENOG shares. Berenberg Bank reissued a “hold” rating and issued a GBX 765 price objective on shares of Energean in a research note on Wednesday, May 20th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 950 price objective on shares of Energean in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 680 price objective on shares of Energean in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 798.33.

Energean Price Performance

The company has a current ratio of 0.79, a quick ratio of 1.42 and a debt-to-equity ratio of 2,560.13. The firm has a market cap of £1.37 billion, a P/E ratio of -5.29 and a beta of 0.24. The firm has a 50-day simple moving average of GBX 849.59 and a 200-day simple moving average of GBX 881.11.

About Energean

Energean plc engages in the exploration, development, and production of oil and gas. It operates through four segments: Europe, Israel, Egypt, and New Ventures. The company holds interests in the Eastern Mediterranean. Its flagship project is the Karish project located in Israel. It also provides financing services; and holds a gas transportation license. The company was formerly known as Energean Oil & Gas plc and changed its name to Energean plc in May 2020. Energean plc was founded in 2007 and is based in London, the United Kingdom.