Energean (LON:ENOG) Sets New 1-Year Low on Insider Selling

Energean plc (LON:ENOG)’s stock price reached a new 52-week low on Friday following insider selling activity. The company traded as low as GBX 795.50 ($10.26) and last traded at GBX 803 ($10.36), with a volume of 335718 shares trading hands. The stock had previously closed at GBX 845 ($10.90).

Specifically, insider Panagiotis Benos sold 784 shares of Energean stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of GBX 888 ($11.46), for a total value of £6,961.92 ($8,980.80).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 940 ($12.13) target price on shares of Energean in a research note on Thursday, March 20th.

Energean Trading Down 5.5 %

The company has a debt-to-equity ratio of 498.55, a current ratio of 1.31 and a quick ratio of 1.42. The stock has a market capitalization of £1.85 billion, a P/E ratio of 14.50 and a beta of 0.85. The firm’s 50 day moving average price is GBX 941.31 and its 200 day moving average price is GBX 965.43.

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.