Energean (LON:ENOG) Trading Up 1.7% - Should You Buy?

Shares of Energean plc (LON:ENOG - Get Free Report) were up 1.7% during trading on Thursday . The stock traded as high as GBX 990.50 ($12.48) and last traded at GBX 985 ($12.41). Approximately 190,802 shares were traded during trading, a decline of 69% from the average daily volume of 605,876 shares. The stock had previously closed at GBX 968.50 ($12.21).

Energean Stock Up 0.3 %

The company's 50 day simple moving average is GBX 926.23 and its 200-day simple moving average is GBX 1,006.85. The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55. The firm has a market cap of £1.81 billion, a P/E ratio of 858.70 and a beta of 0.85.

Energean Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 19th were paid a $0.30 dividend. This represents a dividend yield of 2.59%. The ex-dividend date was Thursday, September 19th. Energean's dividend payout ratio (DPR) is presently 7,826.09%.

Insider Buying and Selling at Energean

In related news, insider Matthaios Rigas acquired 40,000 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average cost of GBX 850 ($10.71) per share, with a total value of £340,000 ($428,481.41). 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.