Energean (EERGF) Projected to Post Earnings on Thursday

Energean (OTCMKTS:EERGF) is projected to issue its results before the market opens on Thursday, March 19th. Analysts expect the company to announce earnings of ($0.4360) per share and revenue of $912.00 million for the quarter.

Energean Price Performance

EERGF stock opened at $11.70 on Thursday. The stock’s fifty day simple moving average is $11.80 and its two-hundred day simple moving average is $12.01. Energean has a 1-year low of $9.45 and a 1-year high of $13.82.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut Energean from a “hold” rating to an “underperform” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Energean has a consensus rating of “Sell”.

About Energean

Energean plc is an independent oil and gas exploration and production company with a primary focus on natural gas development in the Eastern Mediterranean and select North Sea territories. Headquartered in London, with operational offices in Athens and regional hubs in Tel Aviv and Cairo, the company is listed on the London Stock Exchange and trades in the United States under the ticker EERGF. Energean’s strategy centers on identifying and advancing mid- to late-stage hydrocarbon opportunities that offer rapid time to first production and strong cash-generating potential.

The company’s flagship developments are the Karish and Tanin offshore gas fields in Israel, where Energean sanctioned its first project in 2020 and achieved first gas in mid-2022.