Energean (LON:ENOG) Trading Down 0.7% – Should You Sell?

Shares of Energean plc (LON:ENOG) dropped 0.7% during trading on Tuesday . The company traded as low as GBX 757 and last traded at GBX 765. 10,701,103 shares were traded during trading, an increase of 916% from the average session volume of 1,053,290 shares. The stock had previously closed at GBX 770.50.

Wall Street Analyst Weigh In

ENOG has been the topic of several research reports. Jefferies Financial Group restated an “underperform” rating and set a GBX 680 price objective on shares of Energean in a report on Thursday, May 21st. Stifel Nicolaus restated a “buy” rating and issued a GBX 950 target price on shares of Energean in a report on Wednesday, May 20th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 765 price target on shares of Energean in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 798.33.

Energean Stock Performance

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. The stock has a market cap of £1.35 billion, a PE ratio of -4.55 and a beta of 0.24. The company’s 50 day simple moving average is GBX 737.01 and its 200 day simple moving average is GBX 806.60.

Insider Transactions at Energean

In related news, insider Efstathios Topouzoglou purchased 50,000 shares of the firm’s stock in a transaction dated Friday, June 19th. The stock was bought at an average price of GBX 681 per share, for a total transaction of £340,500. Also, insider Andreas Persianis bought 5,000 shares of the firm’s 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. Insiders have acquired 105,000 shares of company stock worth $71,875,000 in the last ninety days. Company insiders own 19.66% of the company’s stock.

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.