Energean (LON:ENOG) Sets New 12-Month Low – Here’s What Happened

Shares of Energean plc (LON:ENOG) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 806.89 ($10.50) and last traded at GBX 826 ($10.75), with a volume of 261334 shares changing hands. The stock had previously closed at GBX 840.50 ($10.93).

Analyst Ratings Changes

Separately, Berenberg Bank cut Energean to a “hold” rating and cut their target price for the stock from GBX 1,175 ($15.29) to GBX 1,045 ($13.59) in a research note on Thursday, December 5th.

Energean Price Performance

The firm’s fifty day moving average price is GBX 982.96 and its 200 day moving average price is GBX 972.57. The stock has a market cap of £1.91 billion, a PE ratio of 15.00 and a beta of 0.85. The company has a quick ratio of 1.42, a current ratio of 1.31 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.