Energean plc (LON:ENOG) Insider Buys £340,000 in Stock

Energean plc (LON:ENOG) insider Matthaios Rigas acquired 40,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of GBX 850 ($11.37) per share, for a total transaction of £340,000 ($454,788.66).

Energean Stock Performance

Shares of LON ENOG traded up GBX 24.50 ($0.33) during midday trading on Thursday, hitting GBX 860.50 ($11.51). 537,802 shares of the company’s stock traded hands, compared to its average volume of 660,114. Energean plc has a 1 year low of GBX 807.50 ($10.80) and a 1 year high of GBX 1,233 ($16.49). The firm has a fifty day moving average of GBX 938.28 and a 200 day moving average of GBX 1,029.40. The stock has a market capitalization of £1.58 billion, a price-to-earnings ratio of 756.70 and a beta of 0.85. The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31.

Energean Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.30 per share. This represents a yield of 2.59%. The ex-dividend date of this dividend was Thursday, September 19th. Energean’s dividend payout ratio (DPR) is currently 8,035.71%.

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.