Energean (LON:ENOG) Receives Underperform Rating from Jefferies Financial Group

Energean (LON:ENOG)‘s stock had its “underperform” rating reissued by investment analysts at Jefferies Financial Group in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 680 price objective on the stock. Jefferies Financial Group’s target price points to a potential downside of 21.93% from the company’s current price.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus reissued a “buy” rating and issued a GBX 950 price objective on shares of Energean in a research note on Wednesday. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 765 target price on shares of Energean in a report on Wednesday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 798.33.

Energean Stock Performance

LON ENOG traded down GBX 14 on Thursday, reaching GBX 871. 296,777 shares of the stock were exchanged, compared to its average volume of 1,083,781. The company has a current ratio of 0.79, a quick ratio of 1.42 and a debt-to-equity ratio of 2,560.13. Energean has a one year low of GBX 770 and a one year high of GBX 1,042. The firm has a market capitalization of £1.61 billion, a PE ratio of -6.22 and a beta of 0.24. The company’s 50-day simple moving average is GBX 860.44 and its two-hundred day simple moving average is GBX 890.82.

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.