Energean (LON:ENOG) Shares Down 0.1% - Time to Sell?

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

Wall Street Analyst Weigh In

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

Energean Stock Performance

The firm's 50-day moving average price is GBX 1,018.94 and its 200 day moving average price is GBX 977.76. 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 company has a market cap of £1.94 billion, a price-to-earnings ratio of 920.00 and a beta of 0.85.

Energean Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 5th were paid a dividend of $0.30 per share. This represents a yield of 2.17%. The ex-dividend date of this dividend was Thursday, December 5th. Energean's payout ratio is 7,826.09%.

About Energean

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.