Energean (LON:ENOG) Sets New 12-Month Low – Time to Sell?

Shares of Energean plc (LON:ENOG) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 674.50 and last traded at GBX 679, with a volume of 1673206 shares traded. The stock had previously closed at GBX 684.50.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 950 price objective on shares of Energean in a report on Wednesday, May 20th. Berenberg Bank reissued a “hold” rating and issued a GBX 765 target price on shares of Energean in a report on Wednesday, May 20th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 680 price target on shares of Energean in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Energean presently has a consensus rating of “Hold” and a consensus target price of GBX 798.33.

Energean Price Performance

The company has a 50 day moving average price of GBX 792.97 and a 200 day moving average price of GBX 846.95. The firm has a market cap of £1.28 billion, a PE ratio of -4.30 and a beta of 0.23. The company has a current ratio of 0.79, a quick ratio of 1.42 and a debt-to-equity ratio of 2,560.13.

Insiders Place Their Bets

In other news, insider Matthaios Rigas bought 50,000 shares of the stock in a transaction on Friday, June 19th. The shares were bought at an average price of GBX 681 per share, with a total value of £340,500. Also, insider Efstathios Topouzoglou purchased 50,000 shares of the company’s stock in a transaction dated Friday, June 19th. The stock was purchased at an average price of GBX 681 per share, with a total value of £340,500. 19.58% of the stock is currently owned by insiders.

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.