Energean (LON:ENOG) Trading Down 0.1% - Should You Sell?

Energean plc (LON:ENOG - Get Free Report) was down 0.1% on Friday . The stock traded as low as GBX 1,053 ($12.81) and last traded at GBX 1,058 ($12.87). Approximately 197,199 shares traded hands during trading, a decline of 88% from the average daily volume of 1,638,382 shares. The stock had previously closed at GBX 1,059 ($12.88).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lowered shares of Energean to a "hold" rating and reduced their price target for the company from GBX 1,175 ($14.30) to GBX 1,045 ($12.71) in a research report on Thursday, December 5th.

Energean Price Performance

The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55. The company has a market cap of £1.94 billion, a P/E ratio of 920.00 and a beta of 0.85. The firm has a 50 day moving average of GBX 1,018.94 and a 200-day moving average of GBX 977.53.

Energean Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 5th were issued a $0.30 dividend. This represents a dividend yield of 2.17%. The ex-dividend date was Thursday, December 5th. Energean's dividend payout ratio (DPR) is presently 7,826.09%.

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.