Energean (LON:ENOG) Given New GBX 940 Price Target at Jefferies Financial Group

Key Points

• Jefferies Financial Group raised its price target for Energean from GBX 920 to GBX 940, maintaining a "hold" rating, which suggests only a slight potential downside from the company's recent closing price.
• The company's stock opened at GBX 940.40, with a market capitalization of £2.17 billion and a P/E ratio of 17.08.
• Insider Panagiotis Benos sold 1.6 million shares at an average price of GBX 895, representing a significant transaction totaling over £14 million.

Energean (LON:ENOG - Free Report) had its price target increased by Jefferies Financial Group from GBX 920 ($12.36) to GBX 940 ($12.63) in a research note released on Friday, Marketbeat.com reports. The brokerage currently has a hold rating on the stock.

Energean Stock Down 0.2%

Shares of LON ENOG traded down GBX 2 ($0.03) during trading hours on Friday, hitting GBX 924.50 ($12.42). The company had a trading volume of 160,696 shares, compared to its average volume of 536,939. The stock has a market capitalization of £2.14 billion, a P/E ratio of 16.79 and a beta of 0.85. The company has a quick ratio of 1.42, a current ratio of 1.31 and a debt-to-equity ratio of 498.55. Energean has a 1-year low of GBX 720.50 ($9.68) and a 1-year high of GBX 1,111.69 ($14.93). The firm's 50 day moving average is GBX 908.40 and its 200-day moving average is GBX 905.49.

Insider Activity at Energean

In other Energean news, insider Panagiotis Benos sold 1,600,000 shares of Energean stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of GBX 895 ($12.02), for a total value of £14,320,000 ($19,234,385.49). Insiders own 24.40% of the company's stock.

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.