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

Energean plc (LON:ENOG) shares hit a new 52-week low during mid-day trading 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 trading hands. The stock had previously closed at GBX 840.50 ($10.85).

Wall Street Analysts Forecast Growth

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

Energean Stock Up 3.7 %

The company has a market capitalization of £2.02 billion, a PE ratio of 15.84 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. The stock’s 50 day moving average is GBX 976.66 and its 200 day moving average is GBX 971.38.

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.