Energean’s (ENOG) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Energean (LON:ENOG) in a research report sent to investors on Thursday morning, MarketBeat reports. Stifel Nicolaus currently has a GBX 1,100 target price on the stock.

Separately, Berenberg Bank reduced their price objective on shares of Energean from GBX 855 to GBX 780 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Energean currently has an average rating of “Hold” and an average target price of GBX 936.67.

Energean Price Performance

Energean stock opened at GBX 930 on Thursday. The company has a current ratio of 0.51, a quick ratio of 1.42 and a debt-to-equity ratio of 543.63. The firm has a market capitalization of £1.71 billion, a P/E ratio of 8.30 and a beta of 0.21. The business has a 50-day moving average of GBX 887.29 and a 200-day moving average of GBX 897.14. Energean has a 1 year low of GBX 720.50 and a 1 year high of GBX 1,042.

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.