Energean (LON:ENOG) Insider Buys 50,000 Shares of Stock

Energean plc (LON:ENOG) insider Matthaios Rigas acquired 50,000 shares of the stock in a transaction on Friday, June 19th. The shares were acquired at an average price of GBX 681 per share, with a total value of £340,500.

Energean Price Performance

Shares of LON ENOG traded up GBX 19 during mid-day trading on Monday, hitting GBX 716. 12,074,827 shares of the company’s stock traded hands, compared to its average volume of 1,194,204. The company’s 50-day moving average is GBX 814.66 and its two-hundred day moving average is GBX 858.12. The company has a debt-to-equity ratio of 2,560.13, a current ratio of 0.79 and a quick ratio of 1.42. The company has a market capitalization of £1.32 billion, a P/E ratio of -4.45 and a beta of 0.23. Energean plc has a 1 year low of GBX 674.50 and a 1 year high of GBX 1,042.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ENOG. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 950 price objective on shares of Energean in a research note on Wednesday, May 20th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 680 target price on shares of Energean in a research report on Thursday, May 21st. Finally, Berenberg Bank restated a “hold” rating and set a GBX 765 price target on shares of Energean in a report on Wednesday, May 20th. One equities 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. Based on data from MarketBeat.com, Energean has an average rating of “Hold” and an average target price of GBX 798.33.

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. 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.