Energean (LON:ENOG) Sets New 52-Week Low – Should You Sell?

Energean plc (LON:ENOG – Get Free Report)’s stock price reached a new 52-week low on Tuesday . The company 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 Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 950 price target on shares of Energean in a research note on Wednesday, May 20th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 765 price target on shares of Energean in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 680 price target on shares of Energean in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 798.33.

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Energean Price Performance

The business has a 50 day moving average of GBX 833.10 and a 200 day moving average of GBX 868.84. The company has a market cap of £1.38 billion, a PE ratio of -4.63 and a beta of 0.23. 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.

Energean Company Profile

(Get Free Report)

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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