Energean (LON:ENOG) PT Lowered to GBX 1,520

Energean (LON:ENOG) had its target price reduced by investment analysts at Berenberg Bank from GBX 1,555 ($19.10) to GBX 1,520 ($18.67) in a report released on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 66.67% from the stock’s previous close.

Energean Stock Up 5.7 %

Shares of LON:ENOG opened at GBX 912 ($11.20) on Thursday. The company has a market cap of £1.63 billion, a price-to-earnings ratio of -6,080.00 and a beta of 0.68. The firm’s 50-day simple moving average is GBX 972.22 and its 200-day simple moving average is GBX 1,067.24. The company has a quick ratio of 1.42, a current ratio of 0.54 and a debt-to-equity ratio of 508.83. Energean has a fifty-two week low of GBX 807.50 ($9.92) and a fifty-two week high of GBX 1,538 ($18.89).

Insider Activity at Energean

In other Energean news, insider Panagiotis Benos sold 40,113 shares of Energean stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of GBX 1,137 ($13.96), for a total transaction of £456,084.81 ($560,094.33). Company insiders own 26.66% of the company’s stock.

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.