Energean (LON:ENOG) Price Target Raised to GBX 800

Energean (LON:ENOG) had its target price increased by Jefferies Financial Group from GBX 680 to GBX 800 in a report published on Monday, MarketBeat Ratings reports. Jefferies Financial Group currently has a hold rating on the stock.

ENOG has been the subject of several other reports. Berenberg Bank reissued a “hold” rating and issued a GBX 765 target price on shares of Energean in a report on Wednesday, May 20th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 950 price objective on shares of Energean in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 838.33.

Energean Price Performance

Shares of ENOG opened at GBX 824 on Monday. Energean has a 1-year low of GBX 674.50 and a 1-year high of GBX 1,042. The stock has a market cap of £1.52 billion, a PE ratio of -5.13 and a beta of 0.23. 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 firm has a fifty day moving average price of GBX 751.23 and a 200 day moving average price of GBX 800.35.

Insider Buying and Selling at Energean

In related news, insider Efstathios Topouzoglou purchased 50,000 shares of the business’s stock in a transaction dated Friday, June 19th. The stock was acquired at an average price of GBX 681 per share, for a total transaction of £340,500. Also, insider Andreas Persianis purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were bought at an average cost of GBX 755 per share, with a total value of £37,750. In the last ninety days, insiders have purchased 105,000 shares of company stock worth $71,875,000. 19.66% of the stock is currently owned by insiders.

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.