Energean (LON:ENOG) PT Lowered to GBX 1,530 at Berenberg Bank

Energean (LON:ENOGGet Rating) had its target price cut by Berenberg Bank from GBX 1,585 ($19.71) to GBX 1,530 ($19.03) in a research note published on Monday, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Jefferies Financial Group lowered shares of Energean to a hold rating in a research report on Wednesday, April 12th.

Energean Stock Performance

Shares of ENOG opened at GBX 1,093 ($13.59) on Monday. The company has a debt-to-equity ratio of 469.58, a quick ratio of 1.42 and a current ratio of 1.01. The company has a market capitalization of £1.96 billion, a price-to-earnings ratio of 13,662.50 and a beta of 0.51. The company’s 50 day simple moving average is GBX 1,230.98 and its 200 day simple moving average is GBX 1,267.16. Energean has a 1 year low of GBX 929.50 ($11.56) and a 1 year high of GBX 1,622 ($20.17).

Energean Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 8th will be given a dividend of $0.30 per share. This represents a yield of 1.94%. The ex-dividend date of this dividend is Thursday, June 8th. Energean’s dividend payout ratio (DPR) is 121,250.00%.

Energean Company Profile

(Get Rating)

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 and Tanin development located to the offshore Israel.

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