Berenberg Bank Reiterates “Hold” Rating for Energean (LON:ENOG)

Energean (LON:ENOG)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 940 ($12.23) price target on the stock. Berenberg Bank’s target price points to a potential upside of 13.60% from the stock’s current price.

Energean Price Performance

Energean stock traded down GBX 13 ($0.17) during midday trading on Thursday, reaching GBX 827.50 ($10.76). 477,268 shares of the company were exchanged, compared to its average volume of 618,382. The firm’s 50-day simple moving average is GBX 982.96 and its 200-day simple moving average is GBX 972.57. Energean has a 1 year low of GBX 806.89 ($10.50) and a 1 year high of GBX 1,233 ($16.04). The company has a market capitalization of £1.91 billion, a price-to-earnings ratio of 15.03 and a beta of 0.85. The company has a debt-to-equity ratio of 498.55, a quick ratio of 1.42 and a current ratio of 1.31.

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.