Energean (LON:ENOG) Sets New 52-Week Low – Should You Sell?

Energean plc (LON:ENOG) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 740 and last traded at GBX 741, with a volume of 756912 shares changing hands. The stock had previously closed at GBX 780.50.

Wall Street Analyst Weigh In

ENOG has been the subject of several analyst reports. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 680 price objective on shares of Energean in a report on Thursday, May 21st. Stifel Nicolaus reiterated a “buy” rating and set a GBX 950 price objective on shares of Energean in a report on Wednesday, May 20th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 765 price objective on shares of Energean in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Energean has a consensus rating of “Hold” and an average target price of GBX 798.33.

Energean Price Performance

The company has a market cap of £1.37 billion, a PE ratio of -5.29 and a beta of 0.24. The company has a debt-to-equity ratio of 2,560.13, a quick ratio of 1.42 and a current ratio of 0.79. The stock has a 50 day moving average of GBX 849.59 and a 200-day moving average of GBX 881.11.

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.