Energean (LON:ENOG) Sets New 12-Month Low – Here’s What Happened

Energean plc (LON:ENOG) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 711 and last traded at GBX 718.03, with a volume of 7952767 shares trading hands. The stock had previously closed at GBX 723.

Wall Street Analyst Weigh In

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

Energean Stock Up 0.5%

The firm’s fifty day moving average price is GBX 838.67 and its 200-day moving average price is GBX 871.98. The company has a market capitalization of £1.33 billion, a price-to-earnings ratio of -4.49 and a beta of 0.24. The company has a debt-to-equity ratio of 2,560.13, a current ratio of 0.79 and a quick ratio of 1.42.

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.