Insider Buying: Energean (LON:ENOG) Insider Acquires £340,500 in Stock

Energean plc (LON:ENOG) insider Efstathios Topouzoglou purchased 50,000 shares of the stock in a transaction dated Friday, June 19th. The shares were purchased at an average price of GBX 681 per share, with a total value of £340,500.

Energean Stock Performance

Energean stock traded up GBX 10 during midday trading on Tuesday, reaching GBX 727. 10,822,031 shares of the stock traded hands, compared to its average volume of 1,178,535. Energean plc has a fifty-two week low of GBX 674.50 and a fifty-two week high of GBX 1,042. The firm has a market cap of £1.34 billion, a price-to-earnings ratio of -4.52 and a beta of 0.23. The firm has a fifty day moving average price of GBX 811.93 and a two-hundred day moving average price of GBX 856.59. The company has a current ratio of 0.79, a quick ratio of 1.42 and a debt-to-equity ratio of 2,560.13.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ENOG shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 765 target price on shares of Energean in a research report on Wednesday, May 20th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 680 price objective on shares of Energean in a research note on Thursday, May 21st. Finally, Stifel Nicolaus restated a “buy” rating and issued a GBX 950 target price 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 798.33.

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.