Energean (LON:ENOG) Shares Down 0.9% – Here’s What Happened

Energean plc (LON:ENOG) shares fell 0.9% during trading on Friday. The company traded as low as GBX 691 and last traded at GBX 696. 212,987 shares were traded during trading, a decline of 78% from the average daily volume of 981,394 shares. The stock had previously closed at GBX 702.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Berenberg Bank increased their target price on shares of Energean from GBX 765 to GBX 780 and gave the stock a “hold” rating in a research report on Friday, September 11th. Jefferies Financial Group increased their price objective on Energean from GBX 680 to GBX 800 and gave the stock a “hold” rating in a report on Monday, September 7th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 843.33.

Energean Stock Down 0.9%

The business has a 50-day simple moving average of GBX 758.63 and a two-hundred day simple moving average of GBX 786. The company has a market cap of £1.29 billion, a price-to-earnings ratio of -4.33 and a beta of 0.23. The company has a quick ratio of 1.42, a current ratio of 0.80 and a debt-to-equity ratio of 1,571.48.

Insider Buying and Selling at Energean

In related news, insider Andreas Persianis bought 5,000 shares of Energean stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average cost of GBX 755 per share, for a total transaction of £37,750. Insiders own 19.66% of the company’s stock.

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.