Energean (LON:ENOG) Trading Up 1.3% – Time to Buy?

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

Analyst Ratings Changes

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

Energean Stock Up 1.3%

The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31. The company has a market cap of £1.60 billion, a P/E ratio of 7.75 and a beta of 0.85. The stock has a 50 day moving average price of GBX 883.97 and a 200 day moving average price of GBX 902.89.

Energean Company Profile

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.