Energean plc (LON:ENOG – Get Free Report)’s stock price rose 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 changed hands during mid-day trading, an increase of 790% from the average daily volume of 976,981 shares. The stock had previously closed at GBX 719.50.
Analyst Upgrades and Downgrades
ENOG has been the topic of several recent analyst reports. Jefferies Financial Group lifted 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 raised their target price on Energean from GBX 765 to GBX 780 and gave the stock a “hold” rating in a research report on Friday, September 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 843.33.
Get Our Latest Stock Report on ENOG
Energean Trading Up 2.2%
The stock has a market cap of £1.36 billion, a P/E ratio of -6.45 and a beta of 0.23. The firm’s fifty day moving average price is GBX 751.82 and its two-hundred day moving average price is 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.
Insiders Place Their Bets
In other Energean news, insider Andreas Persianis purchased 5,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of GBX 755 per share, with a total value of £37,750. 19.62% of the stock is 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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