Energean (LON:ENOG) Receives “Hold” Rating from Berenberg Bank

Energean (LON:ENOG)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a report issued on Thursday, MarketBeat reports. They currently have a GBX 940 ($12.14) price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 7.74% from the stock’s previous close.

Energean Trading Up 3.7 %

Shares of LON:ENOG opened at GBX 872.50 ($11.27) on Thursday. Energean has a 12-month low of GBX 799.73 ($10.33) and a 12-month high of GBX 1,233 ($15.92). The business’s fifty day simple moving average is GBX 976.66 and its 200-day simple moving average is GBX 971.38. The company has a market capitalization of £2.02 billion, a PE ratio of 15.84 and a beta of 0.85. The company has a current ratio of 1.31, a quick ratio of 1.42 and a debt-to-equity ratio of 498.55.

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.