Energean (LON:ENOG) Stock Rating Lowered by Berenberg Bank

Energean (LON:ENOG) was downgraded by analysts at Berenberg Bank to a “hold” rating in a report released on Thursday,Digital Look reports. They currently have a GBX 1,045 ($13.33) target price on the stock, down from their previous target price of GBX 1,175 ($14.99). Berenberg Bank’s price target suggests a potential upside of 5.82% from the stock’s previous close.

Energean Trading Down 0.4 %

ENOG opened at GBX 987.50 ($12.60) on Thursday. Energean has a one year low of GBX 824.50 ($10.52) and a one year high of GBX 1,233 ($15.73). The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31. The stock has a market capitalization of £1.81 billion, a PE ratio of 858.70 and a beta of 0.85. The business’s 50 day moving average price is GBX 965.42 and its 200 day moving average price is GBX 997.03.

Insider Buying and Selling

In related news, insider Matthaios Rigas purchased 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were purchased at an average cost of GBX 850 ($10.85) per share, for a total transaction of £340,000 ($433,839.48). 24.40% of the stock is owned by insiders.

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.