Energean (OTCMKTS:EERGF – Get Free Report) is expected to be releasing its results before the market opens on Thursday, March 19th. Analysts expect Energean to post earnings of ($0.4360) per share and revenue of $912.00 million for the quarter.
Energean Stock Performance
Shares of OTCMKTS:EERGF opened at $12.17 on Wednesday. Energean has a 12 month low of $9.45 and a 12 month high of $13.82. The company’s fifty day simple moving average is $11.81 and its 200 day simple moving average is $12.00.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group cut Energean from a “hold” rating to an “underperform” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
About Energean
Energean plc is an independent oil and gas exploration and production company with a primary focus on natural gas development in the Eastern Mediterranean and select North Sea territories. Headquartered in London, with operational offices in Athens and regional hubs in Tel Aviv and Cairo, the company is listed on the London Stock Exchange and trades in the United States under the ticker EERGF. Energean’s strategy centers on identifying and advancing mid- to late-stage hydrocarbon opportunities that offer rapid time to first production and strong cash-generating potential.
The company’s flagship developments are the Karish and Tanin offshore gas fields in Israel, where Energean sanctioned its first project in 2020 and achieved first gas in mid-2022.
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