Berenberg Bank Cuts Energean (LON:ENOG) Price Target to GBX 780

Energean (LON:ENOG) had its price target cut by Berenberg Bank from GBX 855 to GBX 780 in a research report sent to investors on Wednesday, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Separately, Jefferies Financial Group cut their target price on shares of Energean from GBX 940 to GBX 930 and set a “hold” rating on the stock in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 855.

Energean Stock Performance

LON:ENOG opened at GBX 847.50 on Wednesday. The stock has a fifty day simple moving average of GBX 898.35 and a 200 day simple moving average of GBX 909.03. The firm has a market capitalization of £1.56 billion, a price-to-earnings ratio of 7.57 and a beta of 0.85. Energean has a 1-year low of GBX 720.50 and a 1-year high of GBX 1,046. The company has a quick ratio of 1.42, a current ratio of 1.31 and a debt-to-equity ratio of 498.55.

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.