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

Shares of Energean plc (LON:ENOG) hit a new 52-week low on Thursday . The company traded as low as GBX 720.50 ($9.21) and last traded at GBX 734 ($9.38), with a volume of 409105 shares changing hands. The stock had previously closed at GBX 758.50 ($9.69).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 940 ($12.01) target price on shares of Energean in a report on Thursday, March 20th.

Energean Stock Performance

The stock has a fifty day simple moving average of GBX 922.32 and a two-hundred day simple moving average of GBX 959.37. The stock has a market cap of £1.83 billion, a price-to-earnings ratio of 14.34 and a beta of 0.85. The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31.

Insider Activity at Energean

In related news, insider Panagiotis Benos sold 784 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of GBX 888 ($11.35), for a total transaction of £6,961.92 ($8,895.89). Also, insider Andreas Persianis acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost of GBX 851 ($10.87) per share, for a total transaction of £85,100 ($108,740.10). 24.40% of the stock is currently owned by company insiders.

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.