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

Energean (LON:ENOG - Get Free Report)'s stock had its "hold" rating reiterated by research analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 940 ($12.15) price objective on the stock. Berenberg Bank's price target points to a potential upside of 15.27% from the stock's previous close.

Energean Stock Performance

Shares of LON ENOG traded down GBX 57 ($0.74) during trading on Thursday, reaching GBX 815.50 ($10.54). 598,448 shares of the stock traded hands, compared to its average volume of 632,144. The company has a debt-to-equity ratio of 498.55, a current ratio of 1.31 and a quick ratio of 1.42. The stock has a market capitalization of £1.89 billion, a P/E ratio of 14.81 and a beta of 0.85. Energean has a 52-week low of GBX 799.73 ($10.33) and a 52-week high of GBX 1,233 ($15.93). The company has a 50-day moving average of GBX 972.45 and a 200-day moving average of GBX 970.12.

Insiders Place Their Bets

In related news, insider Andreas Persianis purchased 10,000 shares of Energean stock in a transaction dated Monday, March 24th. The stock was bought at an average cost of GBX 851 ($11.00) per share, for a total transaction of £85,100 ($109,962.53). Company insiders own 24.40% 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.