Stifel Nicolaus Reaffirms Buy Rating for Energean (LON:ENOG)

Energean (LON:ENOG)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a report issued on Wednesday,London Stock Exchange reports. They currently have a GBX 950 target price on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 9.45% from the stock’s previous close.

Separately, Berenberg Bank reaffirmed a “hold” rating and set a GBX 765 price target on shares of Energean in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 881.67.

Energean Stock Performance

Energean stock opened at GBX 868 on Wednesday. The company has a market cap of £1.60 billion, a price-to-earnings ratio of -6.20 and a beta of 0.24. Energean has a 12 month low of GBX 770 and a 12 month high of GBX 1,042. The company has a debt-to-equity ratio of 2,560.13, a current ratio of 0.79 and a quick ratio of 1.42. The stock’s 50-day moving average is GBX 860.84 and its 200-day moving average is GBX 891.27.

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.