Energean (LON:ENOG) Reaches New 1-Year Low – Here’s Why

Energean plc (LON:ENOG)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 806.89 ($10.42) and last traded at GBX 826 ($10.66), with a volume of 261334 shares. The stock had previously closed at GBX 840.50 ($10.85).

Analyst Ratings Changes

Separately, Berenberg Bank restated a “hold” rating and set a GBX 940 ($12.14) price target on shares of Energean in a report on Thursday.

Energean Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.31 and a debt-to-equity ratio of 498.55. The company has a 50 day simple moving average of GBX 976.66 and a 200-day simple moving average of GBX 971.38. The stock has a market capitalization of £2.02 billion, a price-to-earnings ratio of 15.84 and a beta of 0.85.

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.