Energean (LON:ENOG) Stock Price Down 3.9% – Time to Sell?

Energean plc (LON:ENOG) traded down 3.9% during trading on Wednesday . The stock traded as low as GBX 848.50 and last traded at GBX 854.50. 248,610 shares changed hands during trading, a decline of 69% from the average session volume of 806,292 shares. The stock had previously closed at GBX 889.

Analyst Ratings Changes

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

Energean Price Performance

The company has a 50 day moving average price of GBX 886.78 and a 200 day moving average price of GBX 899.20. The firm has a market cap of £1.57 billion, a PE ratio of 7.63 and a beta of 0.21. The company has a current ratio of 0.51, a quick ratio of 1.42 and a debt-to-equity ratio of 543.63.

About Energean

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.