Energean plc (LON:ENOG – Get Free Report) traded up 2.2% during trading on Friday. The stock traded as high as GBX 746.50 and last traded at GBX 735. 8,698,947 shares traded hands during mid-day 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
ENOG has been the topic of several recent analyst reports. Jefferies Financial Group upped their target price on shares of Energean from GBX 680 to GBX 800 and gave the stock a “hold” rating in a research report on Monday, September 7th. Berenberg Bank lifted their price target on shares of Energean from GBX 765 to GBX 780 and gave the company a “hold” rating in a research report on Friday, September 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Energean currently has an average rating of “Hold” and an average price target of GBX 843.33.
Read Our Latest Stock Report on Energean
Energean Stock Performance
The stock has a 50-day simple moving average of GBX 751.82 and a 200 day simple moving average of GBX 771.21. The company has a debt-to-equity ratio of 1,571.48, a current ratio of 0.80 and a quick ratio of 1.42. The company has a market capitalization of £1.36 billion, a PE ratio of -6.45 and a beta of 0.23.
Insider Buying and Selling at Energean
In other news, insider Andreas Persianis purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of GBX 755 per share, for a total transaction of £37,750. 19.62% of the stock is currently owned by corporate 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.
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