Berenberg Bank Lowers Energean (LON:ENOG) Price Target to GBX 1,520

Energean (LON:ENOG) had its price objective reduced by equities research analysts at Berenberg Bank from GBX 1,555 ($19.10) to GBX 1,520 ($18.67) in a research report issued on Thursday, LSE.Co.UK reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 72.53% from the stock’s current price.

Energean Price Performance

Shares of ENOG opened at GBX 881 ($10.82) on Thursday. Energean has a 1-year low of GBX 807.50 ($9.92) and a 1-year high of GBX 1,560 ($19.16). The stock has a market cap of £1.58 billion, a PE ratio of -5,916.67 and a beta of 0.68. The company has a debt-to-equity ratio of 508.83, a current ratio of 0.54 and a quick ratio of 1.42. The firm has a fifty day moving average price of GBX 981.94 and a 200 day moving average price of GBX 1,070.95.

Insider Activity at Energean

In related news, insider Panagiotis Benos sold 40,113 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of GBX 1,137 ($13.96), for a total value of £456,084.81 ($560,094.33). 26.66% of the stock is owned by corporate 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.