Energean’s (ENOG) “Hold” Rating Reiterated at Berenberg Bank

Energean (LON:ENOG)‘s stock had its “hold” rating reissued by Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 765 target price on the stock. Berenberg Bank’s price target would indicate a potential downside of 11.86% from the company’s current price.

Separately, Stifel Nicolaus restated a “buy” rating and set a GBX 1,100 price objective on shares of Energean in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Energean has a consensus rating of “Hold” and an average target price of GBX 931.67.

Energean Price Performance

Shares of LON ENOG opened at GBX 867.90 on Wednesday. Energean has a fifty-two week low of GBX 770 and a fifty-two week high of GBX 1,042. The firm’s 50-day simple moving average is GBX 860.84 and its 200 day simple moving average is GBX 891.27. The company has a quick ratio of 1.42, a current ratio of 0.79 and a debt-to-equity ratio of 2,560.13. The stock has a market cap of £1.60 billion, a P/E ratio of -6.20 and a beta of 0.24.

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. 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.