Energean (LON:ENOG) Hits New 52-Week Low - Here's What Happened

Energean plc (LON:ENOG - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 806.89 ($10.42) and last traded at GBX 826 ($10.67), with a volume of 261334 shares traded. The stock had previously closed at GBX 840.50 ($10.85).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 940 ($12.14) target price on shares of Energean in a report on Thursday.

Energean Trading Down 6.5 %

The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31. The stock has a market cap of £1.89 billion, a PE ratio of 14.81 and a beta of 0.85. The business has a 50-day moving average of GBX 976.66 and a 200 day moving average of GBX 971.21.

Insiders Place Their Bets

In other Energean news, insider Andreas Persianis bought 10,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of GBX 851 ($10.99) per share, with a total value of £85,100 ($109,891.53). 24.40% of the stock is owned by corporate insiders.

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.