Energean (LON:ENOG) Sets New 1-Year Low – Should You Sell?

Energean plc (LON:ENOG)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as GBX 709 and last traded at GBX 712.50, with a volume of 3099973 shares changing hands. The stock had previously closed at GBX 743.

Analyst Ratings Changes

A number of research firms have recently commented on ENOG. Stifel Nicolaus reiterated a “buy” rating and set a GBX 950 price target on shares of Energean in a report on Wednesday, May 20th. Jefferies Financial Group restated an “underperform” rating and set a GBX 680 price objective on shares of Energean in a research report on Thursday, May 21st. Finally, Berenberg Bank restated a “hold” rating and set a GBX 765 price objective on shares of Energean in a research report on Wednesday, May 20th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 798.33.

Energean Trading Down 4.4%

The company has a market cap of £1.31 billion, a P/E ratio of -4.42 and a beta of 0.23. The stock’s 50-day moving average is GBX 829.26 and its two-hundred day moving average is GBX 866.24. 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.

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.