Energean (LON:ENOG) Hits New 12-Month Low – Here’s What Happened

Energean plc (LON:ENOG – Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as GBX 709 and last traded at GBX 712.50, with a volume of 3099973 shares changing hands. The stock had previously closed at GBX 743.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ENOG shares. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 680 target price on shares of Energean in a research report on Thursday, May 21st. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 950 target price on shares of Energean in a research report on Wednesday, May 20th. Finally, 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. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Energean has a consensus rating of “Hold” and a consensus target price of GBX 798.33.

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Energean Trading Down 0.1%

The stock has a market capitalization of £1.29 billion, a price-to-earnings ratio of -4.35 and a beta of 0.23. The company’s 50-day moving average is GBX 823.88 and its 200-day moving average is GBX 863.30. The company has a quick ratio of 1.42, a current ratio of 0.79 and a debt-to-equity ratio of 2,560.13.

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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