Energean (LON:ENOG) Stock Price Down 1.3% - Here's Why

Key Points

• Down 1.3%: Energean shares fell to GBX 881.57 on Friday with just 170,519 shares traded, an 84% drop from the average session volume, after a prior close of GBX 893.50.
• Analyst mix: One analyst rates the stock a Buy and two rate it Hold, giving an average rating of Hold and an average price target of GBX 936.67 (targets range from GBX 780 to GBX 1,100).
• Financial risk: The company shows heavy leverage and valuation red flags—debt-to-equity of 2,560.13 and a negative P/E (-6.30)—with a market cap of about £1.63 billion.

Energean plc (LON:ENOG - Get Free Report) traded down 1.3% during trading on Friday . The company traded as low as GBX 881.50 and last traded at GBX 881.57. 170,519 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,085,418 shares. The stock had previously closed at GBX 893.50.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Stifel Nicolaus reiterated a "buy" rating and issued a GBX 1,100 target price on shares of Energean in a report on Thursday, March 19th. Berenberg Bank dropped their target price on shares of Energean from GBX 855 to GBX 780 and set a "hold" rating on the stock in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 936.67.

Energean Stock Performance

The firm's 50 day simple moving average is GBX 865.93 and its 200-day simple moving average is GBX 895.02. The company has a debt-to-equity ratio of 2,560.13, a quick ratio of 1.42 and a current ratio of 0.79. The company has a market capitalization of £1.63 billion, a price-to-earnings ratio of -6.30 and a beta of 0.23.

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. The company was formerly known as Energean Oil & Gas plc and changed its name to Energean plc in May 2020. Energean plc was founded in 2007 and is based in London, the United Kingdom.

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