Energean (LON:ENOG) Trading Up 1.9%

Energean plc (LON:ENOG – Get Rating) shares shot up 1.9% on Friday . The stock traded as high as GBX 1,193 ($14.62) and last traded at GBX 1,188 ($14.56). 151,656 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 343,269 shares. The stock had previously closed at GBX 1,166 ($14.29).

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating and set a GBX 1,500 ($18.38) price objective on shares of Energean in a report on Wednesday, May 11th. Berenberg Bank boosted their price target on Energean from GBX 1,430 ($17.52) to GBX 1,540 ($18.87) and gave the company a “buy” rating in a report on Friday, June 10th.

Energean Stock Performance

The business’s 50-day moving average price is GBX 1,165.69 and its 200-day moving average price is GBX 1,136.28. The company has a current ratio of 2.51, a quick ratio of 2.12 and a debt-to-equity ratio of 417.16. The stock has a market cap of £2.12 billion and a PE ratio of -26.94.

Insider Buying and Selling

In other Energean news, insider Efstathios Topouzoglou sold 103,406 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of GBX 1,306 ($16.00), for a total value of £1,350,482.36 ($1,654,800.10). In other Energean news, insider Efstathios Topouzoglou sold 103,406 shares of the stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of GBX 1,306 ($16.00), for a total value of £1,350,482.36 ($1,654,800.10). Also, insider Karen Simon acquired 34,000 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The stock was bought at an average price of GBX 1,106 ($13.55) per share, with a total value of £376,040 ($460,776.87).

Energean Company Profile

(Get Rating)

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 and Tanin development located to the offshore Israel.