Energean (LON:ENOG) Trading 2.7% Higher – What’s Next?

Energean plc (LON:ENOG) was up 2.7% during mid-day trading on Tuesday . The company traded as high as GBX 780 and last traded at GBX 778.50. Approximately 160,702 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,109,318 shares. The stock had previously closed at GBX 758.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ENOG. Berenberg Bank reiterated a “hold” rating and set a GBX 765 price objective on shares of Energean in a research report on Wednesday, May 20th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 680 price target on shares of Energean in a research report on Thursday, May 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a GBX 950 price objective on shares of Energean in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 798.33.

Energean Price Performance

The stock has a market capitalization of £1.48 billion, a P/E ratio of -4.97 and a beta of 0.23. The company has a debt-to-equity ratio of 2,560.13, a quick ratio of 1.42 and a current ratio of 0.79. The business has a fifty day simple moving average of GBX 754.30 and a 200-day simple moving average of GBX 831.21.

Insider Buying and Selling at Energean

In related news, insider Efstathios Topouzoglou purchased 50,000 shares of Energean stock in a transaction on Friday, June 19th. The stock was acquired at an average cost of GBX 681 per share, for a total transaction of £340,500. Also, insider Matthaios Rigas purchased 50,000 shares of the firm’s stock in a transaction on Friday, June 19th. The stock was bought at an average cost of GBX 681 per share, with a total value of £340,500. 19.63% of the stock is owned by corporate 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. 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.