Energean (LON:ENOG) Trading Down 2% - Should You Sell?

Shares of Energean plc (LON:ENOG - Get Free Report) traded down 2% during trading on Thursday . The company traded as low as GBX 847.50 ($11.38) and last traded at GBX 855 ($11.48). 348,839 shares were traded during trading, a decline of 44% from the average session volume of 625,096 shares. The stock had previously closed at GBX 872.50 ($11.71).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 940 ($12.62) price objective on shares of Energean in a report on Thursday, March 20th.

Energean Stock Down 2.0%

The business's fifty day moving average is GBX 855.74 and its two-hundred day moving average is GBX 949.98. The company has a market cap of £1.98 billion, a P/E ratio of 15.53 and a beta of 0.85. The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31.

Insider Activity at Energean

In other Energean news, insider Andreas Persianis bought 10,000 shares of the business's stock in a transaction on Monday, March 24th. The shares were acquired at an average price of GBX 851 ($11.42) per share, with a total value of £85,100 ($114,228.19). Also, insider Panagiotis Benos sold 784 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of GBX 888 ($11.92), for a total transaction of £6,961.92 ($9,344.86). 24.40% of the stock is currently owned by company insiders.

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.

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