Energean (LON:ENOG) Stock Price Down 0.2% – Here’s Why

Shares of Energean plc (LON:ENOG) were down 0.2% during mid-day trading on Wednesday . The company traded as low as GBX 893.50 and last traded at GBX 916.07. Approximately 477,904 shares traded hands during trading, a decline of 21% from the average daily volume of 605,530 shares. The stock had previously closed at GBX 918.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered their price objective on Energean from GBX 940 to GBX 930 and set a “hold” rating for the company in a research note on Monday, October 20th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Energean has a consensus rating of “Hold” and a consensus price target of GBX 935.

Energean Stock Performance

The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55. The business’s 50 day moving average is GBX 910.14 and its 200 day moving average is GBX 910.32. The stock has a market capitalization of £1.69 billion, a PE ratio of 8.18 and a beta of 0.85.

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.