Energean (LON:ENOG) Rating Lowered to Hold at Berenberg Bank

Energean (LON:ENOG) was downgraded by Berenberg Bank to a “hold” rating in a note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 1,045 ($13.32) target price on the stock, down from their prior target price of GBX 1,175 ($14.98). Berenberg Bank’s target price suggests a potential upside of 10.64% from the stock’s current price.

Energean Price Performance

LON:ENOG opened at GBX 944.50 ($12.04) on Thursday. The firm has a market cap of £1.73 billion, a price-to-earnings ratio of 821.30 and a beta of 0.85. Energean has a 12-month low of GBX 824.50 ($10.51) and a 12-month high of GBX 1,233 ($15.72). The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55. The company’s 50-day moving average is GBX 966.63 and its two-hundred day moving average is GBX 995.25.

Insider Transactions at Energean

In related news, insider Matthaios Rigas bought 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were acquired at an average cost of GBX 850 ($10.84) per share, with a total value of £340,000 ($433,452.32). Insiders own 24.40% of the company’s stock.

Energean Company Profile

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.