Energean (LON:ENOG) Sets New 1-Year Low – Should You Sell?

Energean plc (LON:ENOG) shares reached a new 52-week low on Monday . The stock traded as low as GBX 709 and last traded at GBX 712.50, with a volume of 3099973 shares traded. The stock had previously closed at GBX 743.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 680 price target on shares of Energean in a research report on Thursday, May 21st. Berenberg Bank reiterated a “hold” rating and issued a GBX 765 price target on shares of Energean in a research report on Wednesday, May 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a GBX 950 price target on shares of Energean in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Energean currently has a consensus rating of “Hold” and a consensus target price of GBX 798.33.

Energean Stock Down 4.4%

The company has a debt-to-equity ratio of 2,560.13, a current ratio of 0.79 and a quick ratio of 1.42. The firm has a market capitalization of £1.31 billion, a P/E ratio of -4.42 and a beta of 0.23. The company’s 50-day simple moving average is GBX 829.26 and its two-hundred day simple moving average is GBX 866.24.

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.