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Energean (LON:ENOG) Stock Price Up 2.6% - Should You Buy?

Energean logo with Energy background
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Key Points

  • Energean shares rose 2.6% to GBX 853.50 (intraday high GBX 872.50) on Thursday, but trading volume was about 340,649 shares, roughly 56% below the average.
  • Analyst consensus is a Hold (one Buy, two Hold) with a consensus price target of GBX 936.67; recent notes include Stifel's GBX 1,100 Buy and Berenberg's GBX 780 Hold.
  • The company has a market cap of £1.58 billion, a negative P/E of -6.10 and an extremely high debt-to-equity ratio (2,560.13), and the stock is trading below its 50- and 200-day moving averages (GBX 869.80 and 893.27).
  • MarketBeat previews the top five stocks to own by June 1st.

Energean plc (LON:ENOG - Get Free Report)'s share price rose 2.6% on Thursday . The company traded as high as GBX 872.50 and last traded at GBX 853.50. Approximately 340,649 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 774,219 shares. The stock had previously closed at GBX 831.50.

Analyst Upgrades and Downgrades

ENOG has been the subject of a number of analyst reports. Stifel Nicolaus restated a "buy" rating and issued a GBX 1,100 price objective on shares of Energean in a research note on Thursday, March 19th. Berenberg Bank reduced their price objective on shares of Energean from GBX 855 to GBX 780 and set a "hold" rating for the company in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 936.67.

Check Out Our Latest Analysis on Energean

Energean Trading Up 2.6%

The stock has a market capitalization of £1.58 billion, a price-to-earnings ratio of -6.10 and a beta of 0.23. The company's 50 day moving average is GBX 869.80 and its 200 day moving average is GBX 893.27. 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.

Energean Company Profile

(Get Free Report)

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.

Further Reading

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