Energean (LON:ENOG) Shares Up 1.3% – What’s Next?

Shares of Energean plc (LON:ENOG) were up 1.3% during mid-day trading on Wednesday . The company traded as high as GBX 869.50 and last traded at GBX 868. Approximately 617,806 shares were traded during trading, a decline of 36% from the average daily volume of 964,882 shares. The stock had previously closed at GBX 856.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their target price on Energean from GBX 855 to GBX 780 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Energean has a consensus rating of “Hold” and an average target price of GBX 855.

Energean Stock Up 1.3%

The firm has a 50-day simple moving average of GBX 883.97 and a 200 day simple moving average of GBX 902.89. The company has a market capitalization of £1.60 billion, a PE ratio of 7.75 and a beta of 0.85. The company has a debt-to-equity ratio of 498.55, a current ratio of 1.31 and a quick ratio of 1.42.

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.