Energean (LON:ENOG) Price Target Cut to GBX 780 by Analysts at Berenberg Bank

Energean (LON:ENOG) had its target price decreased by Berenberg Bank from GBX 855 to GBX 780 in a report released on Wednesday morning, Marketbeat reports. Berenberg Bank currently has a hold rating on the stock.

Separately, Jefferies Financial Group cut their price target on shares of Energean from GBX 940 to GBX 930 and set a “hold” rating on the stock in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 855.

Energean Price Performance

Shares of LON:ENOG opened at GBX 843 on Wednesday. The company’s fifty day moving average is GBX 902.24 and its two-hundred day moving average is GBX 910.01. The company has a market cap of £1.55 billion, a P/E ratio of 7.53 and a beta of 0.85. 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 1,046.

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. The company was formerly known as Energean Oil & Gas plc and changed its name to Energean plc in May 2020. Energean plc was founded in 2007 and is based in London, the United Kingdom.