Energean (LON:ENOG) Trading Down 0.7% – Here’s What Happened

Energean plc (LON:ENOG)’s share price fell 0.7% on Tuesday . The company traded as low as GBX 757 and last traded at GBX 765. 10,701,103 shares changed hands during trading, an increase of 916% from the average daily volume of 1,053,290 shares. The stock had previously closed at GBX 770.50.

Analyst Upgrades and Downgrades

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

Energean Stock Performance

The company has a current ratio of 0.79, a quick ratio of 1.42 and a debt-to-equity ratio of 2,560.13. The stock has a market cap of £1.41 billion, a PE ratio of -4.76 and a beta of 0.24. The business’s 50-day moving average price is GBX 736.20 and its 200-day moving average price is GBX 807.42.

Insider Buying and Selling at Energean

In other Energean news, insider Efstathios Topouzoglou purchased 50,000 shares of Energean stock in a transaction dated Friday, June 19th. The shares were acquired at an average cost of GBX 681 per share, with a total value of £340,500. Also, insider Andreas Persianis purchased 5,000 shares of Energean stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average cost of GBX 755 per share, for a total transaction of £37,750. Insiders bought a total of 105,000 shares of company stock worth $71,875,000 over the last three months. Corporate 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.