Jefferies Financial Group Has Lowered Expectations for Energean (LON:ENOG) Stock Price

Key Points

• Jefferies Financial Group has revised its price target for Energean stock from GBX 940 to GBX 930, indicating a hold rating for the stock.
• The current stock price of Energean is GBX 900, with a potential upside of 3.33% from the new price target.
• Energean operates primarily in the Eastern Mediterranean, with its flagship project being the Karish project located in Israel.

Energean (LON:ENOG - Get Free Report) had its price objective cut by Jefferies Financial Group from GBX 940 to GBX 930 in a research report issued to clients and investors on Monday,Digital Look reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's price target points to a potential upside of 3.33% from the company's current price.

Energean Stock Performance

LON ENOG opened at GBX 900 on Monday. The company has a 50-day simple moving average of GBX 884.54 and a two-hundred day simple moving average of GBX 884.75. The company has a quick ratio of 1.42, a current ratio of 1.31 and a debt-to-equity ratio of 498.55. Energean has a 12-month low of GBX 720.50 and a 12-month high of GBX 1,111.69. The firm has a market cap of £1.66 billion, a price-to-earnings ratio of 8.04 and a beta of 0.85.

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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