Insider Buying: Energean (LON:ENOG) Insider Buys 50,000 Shares of Stock

Energean plc (LON:ENOG) insider Efstathios Topouzoglou bought 50,000 shares of the company’s stock in a transaction dated Friday, June 19th. The stock was bought at an average cost of GBX 681 per share, with a total value of £340,500.

Energean Stock Up 1.4%

Shares of ENOG stock traded up GBX 10 during trading hours on Tuesday, hitting GBX 727. 10,822,031 shares of the company were exchanged, compared to its average volume of 1,178,535. The stock has a market capitalization of £1.34 billion, a price-to-earnings ratio of -4.52 and a beta of 0.23. Energean plc has a one year low of GBX 674.50 and a one year high of GBX 1,042. The business’s 50-day simple moving average is GBX 811.93 and its two-hundred day simple moving average is GBX 856.59. The company has a debt-to-equity ratio of 2,560.13, a quick ratio of 1.42 and a current ratio of 0.79.

Analyst Ratings Changes

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

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.