Energean (LON:ENOG) Given New GBX 780 Price Target at Berenberg Bank

Energean (LON:ENOG) had its target price upped by research analysts at Berenberg Bank from GBX 765 to GBX 780 in a report issued on Friday, London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential downside of 0.83% from the stock’s previous close.

Several other research analysts also recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 950 price objective on shares of Energean in a report on Wednesday, May 20th. Jefferies Financial Group boosted their target price on Energean from GBX 680 to GBX 800 and gave the company a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Energean has an average rating of “Hold” and an average price target of GBX 843.33.

Energean Stock Performance

Energean stock opened at GBX 786.50 on Friday. The firm has a fifty day simple moving average of GBX 754.36 and a two-hundred day simple moving average of GBX 799.82. The company has a quick ratio of 1.42, a current ratio of 0.79 and a debt-to-equity ratio of 2,560.13. Energean has a twelve month low of GBX 674.50 and a twelve month high of GBX 1,042. The company has a market capitalization of £1.45 billion, a PE ratio of -4.89 and a beta of 0.23.

Insider Buying and Selling at Energean

In other news, insider Matthaios Rigas acquired 50,000 shares of the firm’s stock in a transaction on Friday, June 19th. The shares were purchased at an average price of GBX 681 per share, for a total transaction of £340,500. Also, insider Efstathios Topouzoglou acquired 50,000 shares of the stock in a transaction dated Friday, June 19th. The shares were purchased at an average cost of GBX 681 per share, with a total value of £340,500. Insiders bought 105,000 shares of company stock valued at $71,875,000 in the last quarter. Company insiders own 19.66% of the company’s stock.

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.