Energean (LON:ENOG) Trading 3% Higher - Still a Buy?

Energean plc (LON:ENOG - Get Free Report)'s share price shot up 3% during mid-day trading on Monday . The stock traded as high as GBX 1,001 ($12.60) and last traded at GBX 1,000 ($12.59). 254,561 shares were traded during mid-day trading, a decline of 72% from the average session volume of 923,450 shares. The stock had previously closed at GBX 971 ($12.22).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered Energean to a "hold" rating and lowered their price target for the stock from GBX 1,175 ($14.79) to GBX 1,045 ($13.15) in a research report on Thursday, December 5th.

Energean Trading Up 0.6 %

The stock has a 50 day moving average of GBX 1,002.33 and a 200-day moving average of GBX 971.14. The company has a market capitalization of £2.30 billion, a P/E ratio of 18.04 and a beta of 0.85. The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55.

Energean Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a yield of 2.17%. Energean's payout ratio is 163.43%.

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.