Energean (LON:ENOG) Trading Down 0.7% – Here’s Why

Shares of Energean plc (LON:ENOG) traded down 0.7% on Thursday . The company traded as low as GBX 875 and last traded at GBX 883. 180,161 shares changed hands during trading, a decline of 61% from the average session volume of 464,335 shares. The stock had previously closed at GBX 889.50.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group decreased their price objective on Energean from GBX 940 to GBX 930 and set a “hold” rating for the company in a report on Monday, October 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 935.

Energean Trading Up 2.9%

The company’s 50 day moving average price is GBX 923.32 and its 200 day moving average price is GBX 910.46. 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 firm has a market cap of £1.68 billion, a PE ratio of 8.12 and a beta of 0.85.

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. The company was formerly known as Energean Oil & Gas plc and changed its name to Energean plc in May 2020. Energean plc was founded in 2007 and is based in London, the United Kingdom.