Berenberg Bank Reiterates Hold Rating for Energean (LON:ENOG)

Energean (LON:ENOG)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 765 price objective on the stock. Berenberg Bank’s price target suggests a potential downside of 11.86% from the company’s previous close.

Separately, Stifel Nicolaus reissued a “buy” rating and issued a GBX 1,100 price target on shares of Energean in a research note on Thursday, March 19th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Energean has a consensus rating of “Hold” and a consensus price target of GBX 931.67.

Energean Trading Down 2.1%

Shares of ENOG opened at GBX 867.90 on Wednesday. The business’s 50-day moving average price is GBX 860.84 and its 200 day moving average price is GBX 891.27. The stock has a market capitalization of £1.60 billion, a P/E ratio of -6.20 and a beta of 0.24. Energean has a 1-year low of GBX 770 and a 1-year high of GBX 1,042. The company has a current ratio of 0.79, a quick ratio of 1.42 and a debt-to-equity ratio of 2,560.13.

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.