Energean (LON:ENOG) Reaches New 12-Month Low Following Insider Selling

Energean plc (LON:ENOG)’s stock price reached a new 52-week low during mid-day trading on Friday following insider selling activity. The stock traded as low as GBX 795.50 ($10.26) and last traded at GBX 803 ($10.35), with a volume of 335718 shares changing hands. The stock had previously closed at GBX 845 ($10.90).

Specifically, insider Panagiotis Benos sold 784 shares of Energean stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of GBX 888 ($11.45), for a total transaction of £6,961.92 ($8,977.33).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 940 ($12.12) price objective on shares of Energean in a research note on Thursday, March 20th.

Energean Price Performance

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 business has a 50-day moving average of GBX 941.31 and a 200 day moving average of GBX 965.86. The firm has a market capitalization of £1.85 billion, a PE ratio of 14.50 and a beta of 0.85.

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.