Energean (LON:ENOG) Sets New 12-Month Low – Here’s What Happened

Energean plc (LON:ENOG)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 711 and last traded at GBX 718.03, with a volume of 7952767 shares. The stock had previously closed at GBX 723.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ENOG shares. 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. 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. Finally, 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. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Energean presently has an average rating of “Hold” and a consensus target price of GBX 798.33.

Energean Trading Up 0.5%

The company has a quick ratio of 1.42, a current ratio of 0.79 and a debt-to-equity ratio of 2,560.13. The company has a market cap of £1.33 billion, a P/E ratio of -4.49 and a beta of 0.24. The firm’s 50 day moving average is GBX 838.67 and its two-hundred day moving average is GBX 871.98.

Energean Company Profile

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.