Energean (LON:ENOG) Reaches New 1-Year Low – Time to Sell?

Shares of Energean plc (LON:ENOG) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 740 and last traded at GBX 741, with a volume of 756912 shares trading hands. The stock had previously closed at GBX 780.50.

Analyst Upgrades and Downgrades

ENOG has been the subject of several analyst reports. Berenberg Bank reissued a “hold” rating and set a GBX 765 price target on shares of Energean in a report on Wednesday, May 20th. Stifel Nicolaus reissued a “buy” rating and set a GBX 950 price target on shares of Energean in a report on Wednesday, May 20th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 680 price target on shares of Energean in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Energean currently has a consensus rating of “Hold” and an average target price of GBX 798.33.

Energean Stock Up 0.1%

The company has a debt-to-equity ratio of 2,560.13, a quick ratio of 1.42 and a current ratio of 0.79. The stock has a market cap of £1.35 billion, a price-to-earnings ratio of -4.55 and a beta of 0.24. The firm’s 50-day simple moving average is GBX 843.82 and its two-hundred day simple moving average is GBX 875.70.

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.