Energean (LON:ENOG) Lowered to "Hold" Rating by Berenberg Bank

Energean (LON:ENOG - Get Free Report) was downgraded by equities research analysts at Berenberg Bank to a "hold" rating in a report released on Thursday, Marketbeat reports. They currently have a GBX 1,045 ($13.33) price target on the stock, down from their prior price target of GBX 1,175 ($14.99). Berenberg Bank's target price would indicate a potential upside of 10.63% from the stock's current price.

Energean Stock Down 4.3 %

ENOG traded down GBX 42.92 ($0.55) on Thursday, reaching GBX 944.58 ($12.05). The company's stock had a trading volume of 344,562 shares, compared to its average volume of 595,561. Energean has a 1 year low of GBX 824.50 ($10.52) and a 1 year high of GBX 1,233 ($15.73). The business's 50 day moving average is GBX 965.42 and its 200 day moving average is GBX 997.03. 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 cap of £1.73 billion, a price-to-earnings ratio of 858.70 and a beta of 0.85.

Insider Activity at Energean

In other news, insider Matthaios Rigas bought 40,000 shares of Energean stock in a transaction on Wednesday, October 2nd. The shares were bought at an average price of GBX 850 ($10.85) per share, with a total value of £340,000 ($433,839.48). 24.40% of the stock is currently 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.