Energean (LON:ENOG) Given Buy Rating at Stifel Nicolaus

Energean (LON:ENOG)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 1,100 price target on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 18.28% from the company’s previous close.

Separately, Berenberg Bank cut their price target on shares of Energean from GBX 855 to GBX 780 and set a “hold” rating for the company in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Energean currently has a consensus rating of “Hold” and an average price target of GBX 936.67.

Energean Price Performance

Shares of LON:ENOG traded up GBX 27 on Thursday, hitting GBX 930. The stock had a trading volume of 13,903,208 shares, compared to its average volume of 1,104,684. The firm’s 50 day moving average price is GBX 886.35 and its 200-day moving average price is GBX 896.91. The company has a debt-to-equity ratio of 543.63, a quick ratio of 1.42 and a current ratio of 0.51. Energean has a twelve month low of GBX 720.50 and a twelve month high of GBX 1,042. The company has a market capitalization of £1.71 billion, a price-to-earnings ratio of 8.30 and a beta of 0.21.

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. 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.