Energean (LON:ENOG) Trading 0.5% Higher - Here's What Happened

Key Points

• Energean plc's share price rose by 0.5%, trading at GBX 915.50 ($12.09) on Thursday, with a notable decline in trading volume.
• Insider Panagiotis Benos sold 1.6 million shares at an average price of GBX 895 ($11.82), totaling approximately £14.32 million.
• The company has a debt-to-equity ratio of 498.55 and operates primarily in the Eastern Mediterranean, with its flagship project being the Karish project in Israel.

Energean plc (LON:ENOG - Get Free Report)'s share price was up 0.5% during mid-day trading on Thursday . The stock traded as high as GBX 921.50 ($12.24) and last traded at GBX 915.50 ($12.16). Approximately 191,969 shares changed hands during trading, a decline of 65% from the average daily volume of 555,475 shares. The stock had previously closed at GBX 910.50 ($12.09).

Energean Price Performance

The company's 50 day moving average is GBX 904.55 and its 200-day moving average is GBX 909.71. The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55. The stock has a market cap of £2.08 billion, a PE ratio of 16.37 and a beta of 0.85.

Insider Activity

In other news, insider Panagiotis Benos sold 1,600,000 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of GBX 895 ($11.88), for a total value of £14,320,000 ($19,014,739.08). Corporate 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.