Energean (LON:ENOG) Shares Up 0.2% - What's Next?

Key Points

• Energean plc's shares rose 0.2% to GBX 829 ($11.20), with a notable decline in trading volume down 67% from the average.
• Jefferies Financial Group raised its target price for Energean shares from GBX 920 to GBX 940, maintaining a "hold" rating amid an average consensus rating for the stock.
• Insider activity includes Panagiotis Benos selling 1.6 million shares for £14.32 million, indicating significant ownership by insiders at 19.41% of the company's stock.

Energean plc (LON:ENOG - Get Free Report)'s stock price shot up 0.2% on Monday . The company traded as high as GBX 837.50 ($11.32) and last traded at GBX 829 ($11.20). 187,395 shares were traded during trading, a decline of 67% from the average session volume of 570,703 shares. The stock had previously closed at GBX 827 ($11.18).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group increased their target price on shares of Energean from GBX 920 to GBX 940 and gave the company a "hold" rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Energean currently has an average rating of "Hold" and a consensus target price of GBX 940.

Energean Trading Up 0.2%

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 has a market cap of £1.53 billion, a PE ratio of 820.79 and a beta of 0.85. The company's 50 day simple moving average is GBX 914.81 and its two-hundred day simple moving average is GBX 889.46.

Insider Activity at Energean

In related news, insider Panagiotis Benos sold 1,600,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of GBX 895, for a total value of £14,320,000. Insiders own 19.41% 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.

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