Morgan Stanley Reiterates Overweight Rating for Energean (LON:ENOG)

Energean (LON:ENOGGet Rating)‘s stock had its “overweight” rating reaffirmed by investment analysts at Morgan Stanley in a note issued to investors on Wednesday, LSE.Co.UK reports.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 1,300 ($16.03) price target on shares of Energean in a research note on Tuesday, May 3rd.

Energean stock opened at GBX 1,302 ($16.05) on Wednesday. Energean has a 1-year low of GBX 599.50 ($7.39) and a 1-year high of GBX 1,388 ($17.11). The company has a debt-to-equity ratio of 417.16, a current ratio of 2.51 and a quick ratio of 2.12. The stock has a market cap of £2.32 billion and a PE ratio of -30.21. The stock’s fifty day moving average is GBX 1,162.24 and its two-hundred day moving average is GBX 1,001.37.

About Energean (Get Rating)

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 approximately 80 leases and licenses in the Eastern Mediterranean. Its flagship project is the Karish and Tanin development located to the offshore Israel.

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