Energean (LON:ENOG) Trading Down 0.1% – Time to Sell?

Energean plc (LON:ENOG)’s share price traded down 0.1% during mid-day trading on Friday . The stock traded as low as GBX 1,053 ($12.81) and last traded at GBX 1,058 ($12.87). 197,199 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,638,382 shares. The stock had previously closed at GBX 1,059 ($12.88).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank downgraded shares of Energean to a “hold” rating and dropped their target price for the stock from GBX 1,175 ($14.30) to GBX 1,045 ($12.71) in a research note on Thursday, December 5th.

Energean Trading Down 0.1 %

The firm has a 50 day simple moving average of GBX 1,018.94 and a 200 day simple moving average of GBX 977.76. The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55. The firm has a market capitalization of £1.94 billion, a PE ratio of 920.00 and a beta of 0.85.

Energean Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 5th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, December 5th. This represents a dividend yield of 2.17%. Energean’s dividend payout ratio (DPR) is presently 7,826.09%.

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.