Energean (LON:ENOG) Price Target Raised to GBX 780

Energean (LON:ENOG) had its price target hoisted by Berenberg Bank from GBX 765 to GBX 780 in a research note released on Friday, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating and issued a GBX 950 target price on shares of Energean in a research note on Wednesday, May 20th. Jefferies Financial Group lifted their price target on shares of Energean from GBX 680 to GBX 800 and gave the stock a “hold” rating in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 843.33.

Energean Price Performance

Shares of ENOG opened at GBX 797 on Friday. The company has a market cap of £1.47 billion, a PE ratio of -4.96 and a beta of 0.23. The business has a fifty day moving average of GBX 756.48 and a 200 day moving average of GBX 799.08. Energean has a 52-week low of GBX 674.50 and a 52-week high of GBX 1,042. The company has a quick ratio of 1.42, a current ratio of 0.80 and a debt-to-equity ratio of 1,563.36.

Insider Transactions at Energean

In other news, insider Efstathios Topouzoglou purchased 50,000 shares of the company’s stock in a transaction dated Friday, June 19th. The shares were acquired at an average price of GBX 681 per share, with a total value of £340,500. Also, insider Matthaios Rigas purchased 50,000 shares of the business’s stock in a transaction dated Friday, June 19th. The shares were purchased at an average price of GBX 681 per share, for a total transaction of £340,500. In the last 90 days, insiders have bought 105,000 shares of company stock valued at $71,875,000. 19.66% of the stock is currently owned by corporate insiders.

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.