Energean (LON:ENOG) Shares Down 0.2% – What’s Next?

by · The Cerbat Gem

Energean plc (LON:ENOG – Get Free Report)’s stock price dropped 0.2% during mid-day trading on Wednesday . The company traded as low as GBX 861 and last traded at GBX 861. Approximately 259,382 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 606,429 shares. The stock had previously closed at GBX 863.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut their target price on shares of Energean from GBX 940 to GBX 930 and set a “hold” rating for the company in a research report on Monday, October 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 935.

Check Out Our Latest Report on Energean

Energean Price Performance

The firm has a market cap of £1.62 billion, a P/E ratio of 7.83 and a beta of 0.85. The stock’s 50-day moving average is GBX 933.19 and its 200-day moving average is GBX 909.26. The company has a quick ratio of 1.42, a current ratio of 1.31 and a debt-to-equity ratio of 498.55.

About Energean

(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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