Energean (LON:ENOG) Hits New 12-Month Low - Here's What Happened

Energean plc (LON:ENOG - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 720.50 ($9.50) and last traded at GBX 734 ($9.68), with a volume of 409105 shares trading hands. The stock had previously closed at GBX 758.50 ($10.00).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 940 ($12.39) price objective on shares of Energean in a research note on Thursday, March 20th.

Energean Stock Performance

The stock has a market cap of £1.89 billion, a price-to-earnings ratio of 14.85 and a beta of 0.85. 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 company's fifty day simple moving average is GBX 912.19 and its two-hundred day simple moving average is GBX 958.14.

Insider Transactions at Energean

In related news, insider Andreas Persianis purchased 10,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average price of GBX 851 ($11.22) per share, with a total value of £85,100 ($112,209.92). Also, insider Panagiotis Benos sold 784 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of GBX 888 ($11.71), for a total value of £6,961.92 ($9,179.75). Company insiders own 24.40% of the company's stock.

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.