Key Points
- Insider buying: Energean insider Matthaios Rigas bought 50,000 shares on June 19 at GBX 681 each, a total purchase of £340,500.
- Stock performance and valuation: Energean shares were up 2.9% to GBX 717, but the stock remains well below its 52-week high of GBX 1,042 and trades with notable leverage on its balance sheet.
- Analyst outlook is mixed: Analysts currently have a consensus Hold rating on ENOG, with price targets ranging from GBX 680 to GBX 950 and an average target of GBX 798.33.
Energean plc (LON:ENOG - Get Free Report) insider Matthaios Rigas acquired 50,000 shares of the company's stock in a transaction dated Friday, June 19th. The stock was acquired at an average cost of GBX 681 per share, for a total transaction of £340,500.
Energean Stock Up 2.9%
Shares of Energean stock opened at GBX 717 on Tuesday. Energean plc has a one year low of GBX 674.50 and a one year high of GBX 1,042. 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 stock's 50-day moving average is GBX 811.93 and its 200 day moving average is GBX 856.59. The firm has a market cap of £1.32 billion, a price-to-earnings ratio of -4.46 and a beta of 0.23.
Analyst Ratings Changes
A number of equities analysts have issued reports on ENOG shares. Stifel Nicolaus restated a "buy" rating and set a GBX 950 price target on shares of Energean in a report on Wednesday, May 20th. Berenberg Bank reiterated a "hold" rating and issued a GBX 765 price objective on shares of Energean in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group reiterated an "underperform" rating and set a GBX 680 target price on shares of Energean in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 798.33.
Read Our Latest Research Report on Energean
Energean Company Profile
(
Get Free Report)
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.
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