Jefferies Financial Group Issues Positive Forecast for Energean (LON:ENOG) Stock Price

Energean (LON:ENOG) had its target price upped by stock analysts at Jefferies Financial Group from GBX 680 to GBX 800 in a research report issued on Monday, London Stock Exchange reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 1.46% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 950 price objective on shares of Energean in a research report on Wednesday, May 20th. Berenberg Bank reissued a “hold” rating and set a GBX 765 price objective on shares of Energean in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 838.33.

Energean Stock Up 1.4%

Energean stock opened at GBX 788.50 on Monday. 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. Energean has a fifty-two week low of GBX 674.50 and a fifty-two week high of GBX 1,042. The stock has a 50-day simple moving average of GBX 744.20 and a 200-day simple moving average of GBX 801.68. The company has a market capitalization of £1.46 billion, a P/E ratio of -4.90 and a beta of 0.24.

Insider Buying and Selling

In other Energean news, insider Efstathios Topouzoglou purchased 50,000 shares of Energean stock in a transaction on Friday, June 19th. The shares were purchased at an average cost of GBX 681 per share, with a total value of £340,500. Also, insider Andreas Persianis acquired 5,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was purchased at an average cost of GBX 755 per share, with a total value of £37,750. Over the last ninety days, insiders have acquired 105,000 shares of company stock worth $71,875,000. 19.66% of the stock is owned by company 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.