Energean (LON:ENOG) Stock Jumps 2.2% – What’s Next?

Energean plc (LON:ENOG) rose 2.2% on Friday. The company traded as high as GBX 746.50 and last traded at GBX 735. Approximately 8,698,947 shares were traded during trading, an increase of 790% from the average session volume of 976,981 shares. The stock had previously closed at GBX 719.50.

Wall Street Analyst Weigh In

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

Energean Stock Performance

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. The company has a fifty day moving average price of GBX 751.82 and a 200 day moving average price of GBX 771.21. The stock has a market cap of £1.36 billion, a PE ratio of -6.45 and a beta of 0.23.

Insider Transactions at Energean

In related news, insider Andreas Persianis purchased 5,000 shares of Energean stock in a transaction that occurred on Tuesday, August 4th. The shares were acquired at an average cost of GBX 755 per share, for a total transaction of £37,750. 19.62% of the stock is currently owned by 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.